Thread by @gocharting

The next version of the Orderflow Module is now released on Beta

More Indicators

More Options

More Customizations

More Analytics....

Follow this thread along..... on the updates

First Important Change - Now you can manually set the size of the cluster boxes using the Tick Multiplier Parameter under Settings Tab.

What it means?

Now Cluster Boxsize = TickSize X Multiplier

If Nifty Tick = 0.5 INR and Multilplier = 3

Boxsize = 0.5 X 3 = 1.5 INR

[3/X] The default view is on AUTO tick multiplier mode. This means that an algorithm will decide the cluster box size using a tick multplier computed on the basis of your screen dimensions to make the underlying figures visible and readable

See the difference between below

[4/X] You can make the charts readable at lower tick multiplier levels by strecthing the price axis like below

[5/X] The boxsize is important to track the level of underlying activity across price bands. Every trader has their own perspective around a default box size but we did put in a lot of effort to build the Auto mode

To each his own !!! 🙏

[6/X] TNext up is the addition of VWAP and POC (Point of Control) at a candle level.

Candle VWAP = Volume Weighted Average Price

POC = Price level that experiences maximum activity during the formation of the candle. They form important levels of support and resistance

[7/X] Now the same POC and VWAP can also be plotted directly on the Cluster Chart. Use the new controls on the Chart Settings to activate the following:

1. POC
2. Prev Candle POC
3. VWAP