Recruitment of participants mzBigTrade Indicator NinjaTrader 8

mzBigTrade Indicator NinjaTrader 8



Features
Tape Reconstruction
Filtering by: Trade size (min/max), Iceberg order size, DOM pressure (min/max), DOM support (min/max) with ANY/ALL combination
Auto-filtered order flow
Extra filters: Aggressive trades (initiative/stop runs) and Smart/Predatory trades
Two algorithms for Iceberg orders searching: Hard and Soft
Liquidity pushing/pulling indication
Market-Limit orders search
Variety of trades visualization: Stacked Tape, Bubble, Box, Bar, Line
Pop-up hints with detailed trade information
Levels with Alerts
Notifications via Ninja Alerts and emails
Proprietary settings window with On-The-Fly adjustments of parameters. Chart reloading does not require anymore!





Iceberg Algorithms

Iceberg search algorithms work only on live or Market replay data only. An iceberg order is a special limit order. The main size of an iceberg order is not shown in the order book. You will never know the size of the hidden part (iceberg) of limit order without a special algorithm running in real-time.
Hard. In this mode, we use volumes on best bid/ask price levels to calculate the size of the hidden liquidity
Soft. In this mode, we add positive DOM pressure (if any) to the size of the iceberg order calculated by Hard algorithm



DOM Pressure – Pushing/Pulling of Liquidity

We use DOM pressure term to describe the behavior of the liquidity on the way of a market order. Positive DOM pressure means liquidity pushing or adding. Negative DOM pressure means liquidity pulling or removing.
E.g. Buy order with negative DOM pressure means pulling the liquidity on best Ask upon execution of the order. For a sell order, DOM pressure is a kind of support for the price. In the case of buy trade, DOM pressure will be a resistance.