AUTO-FILTERING and STACKED TAPE – MZpack 3.17.0

mzBigTrade Indicator

• Added Auto-filtering
• Added Stacked Tape

AUTO-FILTERING

Auto-filtering feature allows easily spot significant trades on the chart. It works in the background. Use Presentation – Max number of trades in chart frame parameter to adjust the intensity of the order flow on the chart.

When the zoom is increased for the chart, smaller and smaller trades become visible because those small trades make sense on zoomed (smaller) chart frame. Thanks to auto-filtering you can dig into order flow as soon as you need it.

Size of iceberg part of the order, dom pressure, and dom support are also considered in auto-filtering algorithm during the selection of trades.

Note, that the scale and color intensity of trades markers is calculated on all loaded market data.

Stacked Tape

To enable Stacked Tape choose Stacked  for Presentation – Marker position parameter.

The trades are organized vertically, by bar like a chain, and in the sequence in that trades come from the order flow. New buy trades are being added at the top, and new sell trades – at the bottom of each chain.

Stacked tape is extremely useful when you work with non-reconstructed tape, or when you have a lot of small trades for the traded instrument.

We recommend using stacked position on tick time frames like 20 Ticks.

Note, that stacked position is available for Bubble and Box markers only.