MZpack Bookmap Style w DOM Pressure and Migration Delta
Overall Liquidity Migration mini-chart is the unique feature of MZpack for NinjaReader 8 (mzMarketDepth indicator). In this particular case, we used OfferBid delta for calculations of migration represented by bars on the additional mini-chart.
The second unique feature we used here is the DOM pressure (mzBigTrade indicator). It also uses Level 2 data for analysis and shows pressure by limit orders in the DOM against the direction of the trade.
Signals:
- The Resistance level on Overall Liquidity Migration mini-chart
- 99-Lot of DOM pressure at bid side (green triangle) against 211-Lot sell order.
Both signals are signals of resistance. Therefore, we can use those to determine a reversal pattern.
Download NinjaTrader 8 chart template zip-file (Close Ninja and unzip zip-file to templates folder, the default is Documents\NinjaTrader 8\templates\Chart\)
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Overall Liquidity Migration Feature In mzMarketDepth Indicator