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Date/Time: Fri, 29 Mar 2024 05:32:37 +0000



[User Discussion] - How to Show Large Market Orders?? large orders that dont fill at one price

View Count: 933

[2020-03-26 03:21:42]
juicebro - Posts: 17
I have tick data and volume filtering enabled on Numbers Bars.
But it only shows values on the chart when a large market order fills at one price.

My current settings aren't ideal since large market orders usually execute across several prices, and the split price levels often don't meet my volume filtering requirements individually.


I want the Number Bars to show where large market orders were initiated, but I want it to ignore the fill prices so I dont get a bunch of 0s when a large order executes across several prices and fail to meet my filter.

What settings or Study should I use to achieve this?
[2020-03-26 05:02:17]
juicebro - Posts: 17
I did a lot of searching through the support board and it seems it is impossible. I also read that the people at Sierra don't see the significance of it so I'll try to explain my reasoning...


Example:
As the price is falling, I isolate an area on the chart where I am expecting a bullish reversal based on technical clues.
If I see large orders executing but it fails to break the area, that is hinting to me that someone with size could also be watching the same area and absorbing supply.

This combined with other clues such as a Non-0 low on the Numbers Bars is a good hint that there is a large participant in agreement with the area where I'm expecting a reversal.
[2020-03-29 18:41:59]
juicebro - Posts: 17
Did some further research. It seems it is near impossible to even detect large market orders that span across few prices. Since that isn't available in the time & sales in the first place..

I think the solution is to lower my volume filter for Numbers Bars to a somewhat large but reasonable quantity to be filled at one price.
[2020-03-29 21:43:01]
Sierra Chart Engineering - Posts: 104368
It seems it is near impossible to even detect large market orders that span across few prices.
Yes you are correct. This is not supported.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2020-03-29 21:43:19

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