The MarketDepth NinjaTrader indicator displays orders resting in the DOM (Depth Of Market) and displays its on chart as historical data. Also you can see Realtime DOM at the right end of the chart. You can place mzMarketDepth indicator on any type of chart from 1 tick to 30 minutes or more, renko bars, range bars etc.
MarketDepth Indicator features
- Historical DOM and Realtime DOM
- Limit order volumes (quantity) display filters
- Displays quantities inline with detailed pop-up information
- Tracks liquidity migration
- Hold higher volumes and Hold levels options
- Imbalance indication
- Color modes: Solid, Saturation, Heatmap, GrayscaleHeatmap
- Auto scaling to fit all order book levels on chart
- Sound alerts
MarketDepth indicator can be used by scalpers and day traders.
Hold higher volume and Hold levels options
Quantity of limit orders (or liquidity) in order book might change several times per millisecond making blink effect in other indictors. So if trader need to keep extremal quantities in order book he can activate Hold higher volumes option of MarketDepth indicator. Use Hold levels option to see strong DOM levels before price can reach it by Market Depth scope.
Imbalanse is a difference between bids and offers volumes. You can set imbalance amount in percantages and select a color for it. Imbalance displayed on order book edges.
Liquidity migration tracking
Migration here means adding/removing of limit orders. See picture
Using MarketDepth NinjaTrader Indicator in day trading
Thanks to MarketDepth indicator’s chart type invariation and built-in filters you can use it in day trading. Think about big orders in the order book as support and resistance levels and price attraction levels depending on context. One of momentum strategy is breakout of high volume order book level from value area before it.
On this ES chart two mzMarketDepth indicators with different filters were placed. One indicator is for Europe session and another one for American session.
- 64-bit NinjaTrader 18.104.22.168 or later (recommended)
- 32-bit NinjaTrader 22.214.171.124 or later (available upon your request)
- Data feed with Level II.
- 4Gb of RAM or more
We guarantee free updates and support in the licensed period.
Moving your license
The license is linked to your PCs with product activation. But if you change machines or its hardware parts or/and software components, you will be able to contact us to move the license free of charge in 24 business hours.
If you have any question about payment process, upgrade policy etc. please let us know.