Overall Liquidity Migration Feature In mzMarketDepth Indicator

Overall Liquidity Migration Feature In mzMarketDepth Indicator

Overall liquidity migration can be shown as a plot at the bottom of the chart. There are two overall types of migration:

• Overall type.
  • OfferBid. Displays total for migration on Offer and total for migration on Bid (two lines)
  • OfferBidDelta. Displays total for migration on Offer minus total for migration on Bid (one line or candles)

Also, we have the Cumulate option. This means cumulation of migrations by each side of the DOM from bar to bar. Migration for a new bar will start from the migration of the previous bar.

See the sample image. Migration Delta is around -1200 Lot. Using candles plot we can conclude that either liquidity has removed from OFFER, or has added on BID.

Some combinations of overall types and plots’ presentations are shown below.