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39 levels on the DOM


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39 levels on the DOM

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  #1 (permalink)
Bend, OR
 
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For some reason I am getting 39 levels on the DOM in Gold this week. I love the visibility.

Anyone know what this is all about?

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Tap In View Post
For some reason I am getting 39 levels on the DOM in Gold this week. I love the visibility.

Anyone know what this is all about?

Hey Tap In, good to see you back on FIO.

I just checked via CQG and I can only see 10 levels for GC (unlike CL which, for a while now it's been showing the whole of the order book).

Which platform are you using?

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  #4 (permalink)
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https://www.sierrachart.com/SupportBoard.php?ThreadID=36967


SC's new update

sep 19- 40 levels of market depth is now available for YMZ18, GCZ18 when using the Sierra Chart Exchange Data Feed on one of the serv
sep 21- We have now released 40 levels of market depth for symbol ESZ18, with the Sierra Chart Exchange Data Feed, on one of the servers.

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  #5 (permalink)
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with Rithmic-data, you can see the entire order-book not just 39 levels

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39 is a strange number....

The amount of depth available can be limited by the exchange/feed/platform.

But it's all nonsense. In an age of co-location and nanosecond reaction times, what exactly would seeing depth 39 levels out do for you?

I ask you this as a trader AND a platform provider that can give you depth hundreds of levels out.

It'd just mental masturbation.

Anything 2 or 3 levels out is at risk of being hit. There is significance in that.

Outside that it's just the hedgers limits that could be considered 'real'. If real, the market can still chew through them and move on. Even then, you only know how real a level is when you get close.

It's a tough game.

This is not the answer IMO.

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  #7 (permalink)
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I can confirm this.

ES

P.S. It would be nice to be able to set it...or at least get a settable cumulative...




tr8er View Post
with Rithmic-data, you can see the entire order-book not just 39 levels


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ElectricSavant View Post
P.S. It would be nice to be able to set it...or at least get a settable cumulative...

It is configurable per chart. I asked. https://www.sierrachart.com/SupportBoard.php?PostID=158059

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Thanks. I do not have Sierra charts. It would be nice if RtraderPro had the configurable cumulative Delta.

Es


empty View Post
It is configurable per chart. I asked. https://www.sierrachart.com/SupportBoard.php?PostID=158059


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ElectricSavant View Post
Thanks. I do not have Sierra charts. It would be nice if RtraderPro had the configurable cumulative Delta.

Es

I will ask Rithmic if they can add that.

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  #11 (permalink)
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xplorer View Post
Hey Tap In, good to see you back on FIO.

Thanks. I'm still trading and lurking around FIO. Went off to do some trading exploration out of the public eye.

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  #12 (permalink)
Bend, OR
 
Experience: Intermediate
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noobforlyfe View Post
https://www.sierrachart.com/SupportBoard.php?ThreadID=36967


SC's new update

sep 19- 40 levels of market depth is now available for YMZ18, GCZ18 when using the Sierra Chart Exchange Data Feed on one of the serv
sep 21- We have now released 40 levels of market depth for symbol ESZ18, with the Sierra Chart Exchange Data Feed, on one of the servers.


Well, that answers that. Another reason to love Sierra Charts. Thanks for the answer!

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  #13 (permalink)
Bend, OR
 
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tr8er View Post
with Rithmic-data, you can see the entire order-book not just 39 levels

That is awesome but 40 levels is quite enough for me!

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  #14 (permalink)
Bend, OR
 
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DionysusToast View Post
39 is a strange number....

The amount of depth available can be limited by the exchange/feed/platform.

But it's all nonsense. In an age of co-location and nanosecond reaction times, what exactly would seeing depth 39 levels out do for you?

I ask you this as a trader AND a platform provider that can give you depth hundreds of levels out.

It'd just mental masturbation.

Anything 2 or 3 levels out is at risk of being hit. There is significance in that.

Outside that it's just the hedgers limits that could be considered 'real'. If real, the market can still chew through them and move on. Even then, you only know how real a level is when you get close.

It's a tough game.

This is not the answer IMO.

Sent from my SM-A720F using Tapatalk

I think I mis-counted. It's probably 40 levels.

I am generally with you on your comments about the DOM. The only thing I use it for is looking for large anomalies, and mostly on the lower volume instruments like CL.

Price seems to want to move to fill these anomalies.

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