Cluster Search

This indicator allows finding injection of big volumes in clusters. It contains many settings, which allows very flexible parameter selection.

ATTENTION!

In the current update of the platform (since version 5.7.2), the calculations of the indicator have changed. More details about the changes in the video.

Youtube video

Indicator view on chart:

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*Note! When installed, the indicator has default settings and these settings are not suitable for all instruments and time frames, so the indicator needs to be configured.


In order to add and set this indicator, open Indicator Settings.

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Days

Period - the number of days on the chart for calculating the indicator.


Calculation.

Calculation Mode - selection of the calculated value parameter. There are six options available:

  • Bid
  • Ask
  • Delta
  • Volume
  • Ticks
  • Time

Auto Filter

Use Previous Close - perform calculations only on closed bars

Auto Filter - define the filter borders automatically

Minimum/Maximum value - set up the filter borders

Delta Filters.

Bid Ask Imbalance (%) - this option initially calculates %% of Asks and Bids from the total volume.

For example, the total volume is at the level of 1,000 lots. There are 300 Asks and 700 Bids. It means that there are 30% of Asks and 70% of Bids. If the parameter is positive, the filter goes by Asks %%. 

The received %% of Asks should be bigger than the specified number. It means that if the parameter in our example is 30, the level will be selected.

If the parameter is negative, we calculate similarly by Bids %%.

Delta Filter - It could be both positive and negative. The ‘0’ value disables the option.

Filters.

Candle Direction - there are three display options:

  • Bearish candle
  • Bullish candle
  • Any
  • Neutral
  • Body

Bars Range - this parameter allows joining neighboring bars in one bar for calculation. If the received level satisfies filtration conditions, it will be selected.

Price range - it joins a set number of adjacent price levels for calculation.

Ticks from High/Low - the distance from the candle high and low to the highlighted level.

IMPORTANT! The following settings should be increased for proper operation of the indicator for very volatile instruments:


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Price Location - there are seven display options:

  • At High
  • At Low
  • Any
  • Body
  • Upper Wick
  • Lower Wick
  • At High or Low

Only One Selection Per Bar - if there are 2 display conditions in the current bar, only the maximum level will be shown if this option is enabled.

Maximum/Minimum Average Trade - filtration by the average trade value (Average trade volume = Cluster volume at this price / Number of trades at this price).

Time filtration.

Maximum/Minimum candle volume percent - filtering clusters by percentage of the volume of the entire candle.

Use time filter - this filter will help to set up display of data for a certain period of time for every day (for example, you can set several indicators with different search settings for different time periods (one for a day session, another one for a night session and so on. This is logical since liquidity is different during day and night and the level of significant accumulations is also different).

Time From/Time to - it sets a time period during which liquidity should be tracked.

Visualization.

Show price selection - highlight price levels in clusters.

Color - set the color display of the specified volume.

Mode - the mode of displaying selected sections. There are five options:

  • Ellipse
  • Triangle
  • Rectangle
  • Diamond
  • Only Price

Visual Objects Transparency - set-up of the visual element transparency.

Cluster Selection Transparency - transparency of highlighted elements in clusters.

Fixed Sizes - all big volumes will have a similar size when this option is ON.

Size - standard selection size.

Minimum/Maximum Size - parameters, which allow limiting selection sizes.

Alerts.

Use Alerts - enable alerts.

Alert File - select an audio alert file.

BackGround - a color setting of the background in the alert window.

Also read the following articles on this topic:

GETTING ACQUAINTED WITH ATAS. ADVANTAGES OF WORKING WITH INDICATORS

HOW TO FIND TRACES OF ‘MANAGED MONEY’ WITH ATAS INDICATOR

CLUSTER SEARCH INDICATOR FOR CLUSTER ANALYSIS

WHICH INDICATOR TO CHOOSE FOR YOUR TRADING STYLE

CLUSTER SEARCH AND BIG TRADES INDICATORS: 4 DIFFERENCES

CLUSTER SEARCH

5 BEST INSTRUMENTS FOR SEARCHING FOR ‘MANAGED MONEY. EXAMPLES

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