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Market Depth and Matrix


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Market Depth and Matrix

  #1 (permalink)
 paraspiral 
Farmington
 
Experience: Beginner
Platform: TradeStation, NinjaTrader
Trading: Emini ES
Posts: 16 since Feb 2018
Thanks Given: 0
Thanks Received: 6

Any TradeStation users out there? I have been reading about DOM's, reading tape and order flow here and it appears to be a good tool in addition to reading charts. Tradestations Market Depth and Matrix appear to be that. Analyzing this photo of Market Depth it appears to be a big push down on price coming at 2731.00. Would this be correct? Should I combine this with my observations of price action on the chart? Is this also similar to Jigsaws tool on a lesser form.

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  #2 (permalink)
 ziggy123 
boston
 
Experience: Intermediate
Platform: ninja
Trading: es
Posts: 136 since Mar 2013
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paraspiral View Post
Any TradeStation users out there? I have been reading about DOM's, reading tape and order flow here and it appears to be a good tool in addition to reading charts. Tradestations Market Depth and Matrix appear to be that. Analyzing this photo of Market Depth it appears to be a big push down on price coming at 2731.00. Would this be correct? Should I combine this with my observations of price action on the chart? Is this also similar to Jigsaws tool on a lesser form.

Hi paraspiral,

To the best of my knowledge (at least from year 2009) - the data that TradeStation provides is AGGREGATED - meaning it is not showing "pure" representation of real time book/depth.

Unless things have changed since then - I would resort to other tools

Steve

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  #3 (permalink)
 paraspiral 
Farmington
 
Experience: Beginner
Platform: TradeStation, NinjaTrader
Trading: Emini ES
Posts: 16 since Feb 2018
Thanks Given: 0
Thanks Received: 6



ziggy123 View Post
Hi paraspiral,

To the best of my knowledge (at least from year 2009) - the data that TradeStation provides is AGGREGATED - meaning it is not showing "pure" representation of real time book/depth.

Unless things have changed since then - I would resort to other tools

Steve

By other tools it looks like people prefer Jigsaw trading tool correct?

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  #4 (permalink)
 ziggy123 
boston
 
Experience: Intermediate
Platform: ninja
Trading: es
Posts: 136 since Mar 2013
Thanks Given: 29
Thanks Received: 99


paraspiral View Post
By other tools it looks like people prefer Jigsaw trading tool correct?

JigSaw is a tool I use. I would also look at "Market Delta" on top of this. There are wonderful free plugins here on FIO for NinjaTrader and other platforms.

Volume at Price/ Market Delta - shows you what's happening inside the candle.

cheers,
Steve

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Last Updated on May 13, 2018


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