BigTrade indicator displays on the chart single large market purchases and sales (which are visible in the Smart Tape), the so-called aggressive trades, which are executed in large volume at once. In the indicator settings, you can choose which volume you want to see, and also configure by bid and ask.
The indicator settings allow to customize it for any instrument or trading approach.
To add and setup the following indicator, open the Indicators Setup window.
Alert file - write here name of file you want to use as alert.
Background - choose background color.
Use alerts - enable/disable alerts.
Auto Filter — function for calculating filters automatically (reccomended if you are only starting to use this indicator). If this function is ON, Maximum Volume and Minimum Volume parameters will not work, as they are detected automatically.
The auto filter in the Big Trades indicator changes dynamically, but only at the moment of the first launch, it does not change online. Auto-filter may depend on the timeframe. The indicator takes the last few days and calculates aggregated orders. And the filter is selected in such a way that on average there will be about 10 readings of the indicator per day. And if you load the indicator in just one day, it will calculate the aggregated orders for the day and will generate about 10 signals on average. If you download a week, he will calculate these orders for the whole week (including the current day) and will also give an average of 10 readings per day.
The maximum number of days that the indicator can calculate is a week. Those, if the chart has 100 days, the indicator will calculate only the last week.
Auto Filter in indicator Big Trades work only in Cumulative trades mode
Calculation Mode – change the Calculation Mode at this point from Cumulative Trades to Separate Trades
Maximum Volume and Minimum Volume — parameters that determine filtration of trades value. Work only with enabled option Auto Filter
Between Color — color for selection trades inside spread
Buys — color of buys
Sells — color of sells
When Use Time Filter is ON, only those big trades will be highlighted that fall into the time period set in Time from and Time to lines.
Cluster Selection Transparency - setting the transparency of big volume allocation in a cluster.
Fixed Sizes - when this option is enabled, all selections in clusters will be the same size.
Maximum/Minimum Size - options to limit the size of the selection.
Size - manual adjustment of the size of the selection.
Visual Mode - mode of displaying selected areas; 5 display options are available:
- Only Price
Visual Objects Transparency - setting the transparency of visual elements.
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