TRACK BIG FISH - Plot Preset Minimum T&S Block Size as Dot/Arrow on Price Pane
A common tactic behind stalking entries at key areas is to track the bigger lots as they appear on tape. Imagine dots representing individual "Minimum 200+ Long Block Trades" accumulating at a potential reversal area at the price and moment where they occur in real time!
Specifically, Plot a 50% translucent dot or small triangle (red for short /green for long and/or diamond for long/dot for short) on the price pane every time a selectable preset minimum block size (i.e. 200+) appears in the T&S. These plots would appear on the price pane at the time/moment and price they occurred. This might get crowded as the dots appear thus the reason for 50% translucency (if possible) and would likely work best as a separate chart.
Would any programmer be so kind to create this indicator that would enable us to track the big fish? Thank you so much!!!
Last edited by tdaman; November 11th, 2015 at 06:30 PM.
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I combed both threads and only saw how to track big lot orders on aggregate dom and aggregate delta but not directly on chart as described in my initial post. Seeing the 200+ lots represented by dots/diamonds plotted directly on the chart in real time would provide a whole new dynamic I've yet to see anywhere.
Last edited by tdaman; November 11th, 2015 at 06:23 PM.
I guess this can be done. Anything on a chart can be extrapolated...likewise everything in time n sales can also be got from a chart per my understanding. It's just a function of setting filters if it's the big trades you want to see.
I have seen veloxpros bookmap doing this. Also most of the footprint charts or many vendors can do what you asking from a t&s or volume cluster perspective.
edit: a way you can track big orders, but only traded and not those that apear as a limit orders on level 2, is to use gom volume ladder or valume ladder metro edition and set the volume filter size to 200 or what number you want.
Take your Pips, go out and Live.
Last edited by LukeGeniol; November 12th, 2015 at 04:57 AM.
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The only flaw here is that most "big buyers" hide their order. Anybody with money and some intelligence wouldn't just enter a 1,000 lot trade at market. They would be getting partial fills on limit orders or running their own algo buying small amounts at a time. Those large market orders are most likely people exiting than entering, and just because somebody of large size is exiting doesn't mean anything technically. It can just be their profit target and nothing more. Somebody may be buying 10,000 contracts of /ES but you won't notice because they are ordering 1-10 at a time, but you see a bunch of large sell orders taking that buyer and assume it's going down. I don't know if this is relevant in futures, but it was a very common tactic in stocks.
Wow... "Veloxpros Bookmap" is exactly what I'm talking about. I seriously believe plots representing 200+ (or simply user defined) size blocks would be very helpful! I agree, this doesn't seem difficult. Looks like the horizontal lines are actual filled bid/ask orders adding further confluence at an area. Not trying to rip anyone off and not sure what the protocol is here but I'm sure there's enough skill here to do this. So, it's up to whomever to create this very relevant indicator. That's all I have to say about that.
Last edited by tdaman; November 12th, 2015 at 11:19 AM.