BigTrades

From English Manual

   

Introduction

Usually large operators (like institutional traders) do not place large batches of orders into the market as doing so would create enough pressure to turn the price against them. So what they do is to slide orders into the market using computers in small batches in order to prevent being easily detected. This are known as Iceberg Orders and they only show the tip of the large iceberg hidden beneath the water surface. Some HFT algorithms try to locate this large operators employing a technique known as pinging or whale hunting. This can only be done by operators with enought capital to test the market with sacrifice orders and not by small traders. In turn small traders all they can do is observe their activity.

This indicator will let you locate big market activity (and potentially large operators) that can lead to changes in prices. It also can spot were a resistance to the movement will be and where is possibly hidden the market liquidity. This way you can insert into your trading strategy important information otherwise invisible by other means.

This indicator will be able to show you part of this important information normally not visible in the market.

Configuration

Ask border color

The border color of the bubble/square for the asks.

Bid border color

The border color of the bubble/square for the bids.

Bid Fill Color

The fill color of the bubble/square for the bids.

Ask Text Color

The color of the text for the asks

Bid Text Color

The color of the text for the bids

Ask Fill Color

The fill color of the bubble/square for the asks.

Minimum Volume

This is the volume threshold to display a bigtrade or not. This value should be done according to the market. It is influenced by the volume divisor. First the volume is divided by the divisor and later compared to this value.

Minimum radius of bubbles

This is the lowest radius or half of side if a box is selected that will be displayed in the chart. That is bubbles of minimum volume will have this size. All bubbles will range from the maximum radius to this value.

Time in seconds

This is the amount of time to monitor this volume. It is set in seconds so if for example you would like to use minutes you will have to multiply this value by 60.

Maximum radius of bubbles

This is the largest radius the maximum volume will be displayed so it will not fill the chart screen. All bubbles will range from this radius to the minimum.

Font

This is the font to display the values of the bubbles.

Figure Type

This can be bubbles or squares.