I would like to know how to reference bid/ask levels in TINT indicator to tell which "X" sides of the market are pulling and stacking. For instance, if the 5 offers above and 5 offers below the current px are referenced and then averaged, or weighted and then averaged, you could tell which side of the market is "Pulling" and which side is being more aggressive. I feel like this has been mentioned here before, but I can't seem to find it in the history. I have seen guys do this in Sierra, which is a far inferior in my experience, so I figured it would be possible on IRT. Thanks for any help or guidance.
Not sure if this helps or what you are looking for: https://www.linnsoft.com/videos/resting-order-candles
I was searching for the same thing earlier this week. - I set mine up to have a heatmap (color gradient) that shows the changes in the top ten orders on the book. I am still trying to figure out how to show/calculate the total changes in the bid and ask.
Edward,
If you setup TINT to color based on "Change" as seen in the screenshot below...
And you setup the chart with a 0:01 (1 second) periodicity and setup TINT for "Every Bar" snapshots. Then you'll see each price on each bar painted based on the change in the size at that price from the previous bar....which is the previous second. So you'll see the 1 second changes reflected in color (blue below for increases, red for decreases, with more intense color for bigger changes).
Here is a sample of what that looks like...
You can find tune the color intensity with the "Contrast" setting in TINT. And you can zoom out to see more history and the text will just go away as seen below....
Hi Cpayne,
Is it possible to show the total changes of pulling and stacking on the bids (using a depth of 10) and then display the same thing for the offers? I have attached an image of what I am looking for.
First, you can show the change in size by simply setting the Text to "Change in Size" as seen below...
But that will show you the change in size since the previous bar completed. So you can control that through the periodicity. So if you set the periodicity to 1m instead of 0:01 (1 second), then it will accumulate the change in size over that full minute and then reset when the bar completes.
Or, you could go in the other direction and change the periodicity to Auction (as seen below) and anytime the auction (bid/ask) moves up or down, you'll get a new bar and therefore see the change in size through each auction.
When I originally asked my question 1.5 Years ago, the new OrderFlowMetrics RTX Indicator would have been above and beyond anything I could have asked for! I was trying to calculate the pulling and stacking, and this fits the bill to a tee! I know a lot of guys with IRT that will be thrilled with this, thanks for making it happen IRT!