Login Page - Create Account

Support Board


Date/Time: Thu, 28 Mar 2024 13:09:02 +0000



Misleading DOM Cumulative Last Size

View Count: 1996

[2019-10-30 15:45:59]
BenjFlame - Posts: 302
Hello,
about this dom column from the doc:

"Whether the trade occurs at the Bid or Ask does not matter. If the market continues to trade at the same current price, the quantity/size of that trade is added to the Cumulative Last Size. If you want to identify recent trading at the bid and ask sides independently, then instead use the Recent Bid Volume and Recent Ask Volume columns."


Actually it DOES matter if trade is at the bid or ask. There is a serious need for a new setting to RESET cumulative last size if price doesn't move level but changes from bid to ask and vice versa.
It makes more sense than not to reset it. Also this is how it works on some other major trading plateform so it's confusing that it is not possible to have it work in such way on SC.

Example: When 300 contracts traded at bid, then 1 at ask but at same level, number is not reset but has bg color of ask and accumulated number is 301 at ask level where in reality only 1 contract hit ask... This is simply an erroneous information and if we missed the action within a blink of an eye we could be mislead.

I know we have the recent bid/ask volume columns, but some of us try to reduce number of columns while still glanning maximum information possible.
Date Time Of Last Edit: 2019-10-30 23:37:20
[2019-10-30 16:23:46]
seandunaway - Posts: 212
+1

The current implementation is misleading.. example attached.
Date Time Of Last Edit: 2019-10-30 16:25:33
imagecumulative_last_size3.png / V - Attached On 2019-10-30 16:23:40 UTC - Size: 97.58 KB - 607 views
imagecumulative_last_size3.jpg / V - Attached On 2019-10-30 16:25:27 UTC - Size: 75.37 KB - 482 views
[2019-11-04 22:49:20]
BenjFlame - Posts: 302
Hi,
not interested in this SC people?
[2019-11-05 01:54:26]
Acro - Posts: 436
I agree with the comments made here.
I found the cumulative last size not particularly useful for that very reason and decided it was better to use the Numbers Bars for this
[2019-11-05 09:09:09]
Ackin - Posts: 1863
Acro)

I'll add to the next free update two studies that solve it.

Check this thread for changes or directly in our forum.
Ackin's indicators (SCH users requests for studies) - Update list | Post: 193747
Date Time Of Last Edit: 2019-11-05 09:09:32
[2019-11-05 09:19:53]
User718798 - Posts: 4
+1

This would improove reading last cummulative size
[2019-11-08 19:59:11]
John - SC Support - Posts: 30401
We have added an option in the Chart DOM Settings for Reset Cumulative Last Size on Bid Ask Change which, when enabled, will reset the Cumulative Last Size if the trade moves from Bid to Ask or Ask to Bid.

This will be in the next Pre-Release (v 2009).
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing

To post a message in this thread, you need to log in with your Sierra Chart account:

Login

Login Page - Create Account