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Overview of the Dashboard


It Is One Cohesive Dashboard

There is a tremendous advantage to having everything in one window. You see everything developing next to the live Inside Auction and Level-II. That gives you an edge! With everything locked at price, it is easier to spot confluence and activity. There is also no disjunction in the price: looking in two windows, the current price is offset on the screen. Overall, ergonomic advantages add up; and there is a lot to gain from the cohesive window.

The window is a normal NinjaTrader® chart. Zoom on the price axis as you normally would. By default, Auction Dashboard™ manages the price axis automatically to fit text (text will disappear when there is no more room). Zoom on the time axis as you normally would (or, Control-MouseWheel). The bars will zoom in and out dynamically, and you'll see complete details if you zoom all the way in.

Inside Auction and Level-II

The right side of the chart is occupied by the Inside Auction and Level-II. Use the button to quickly collapse the right panel to fit more bars.

Do not be fooled: once again, there is ergonomic advantage to having the Inside Auction pinned in the chart like that. And our Inside Auction has more features than the competition. You will find five measured deltas, rewinding, Aggressor Absorption™, and signals and feedback that you cannot find anywhere else. You will have an edge!

Combine views of different data in the inside columns with the Cum Volumes. You will get a lot of feedback!

Our Level-II can be filtered! And we show you looks, all time highs, left-behind ask/bid depth, initial depths, and other things that the competition does not!

Use the PopUps on the chart to select different data; and use the display settings in the main menu to adjust sizes and change views.

Layers In the Middle

The bars are overlaid with other displays in the middle of the chart: True Auction™ History, Transition Zones™, and markers and other levels.

Bars


The bars on our chart show you a tremendous amount of the order flow! The default view shows the current bars developing in detail; and you see the structure in the prior bars.

The PopUp has a lot of options for display. Freely use different views of volume, deltas, or trade sizes to actually trade from!

The structure in the True Auction™ Value Bars shows the value area developing. By default, the narrow bars are drawn in True Auction™ Value mode, and the wide bars are OHLC candles. On the narrow bars: each bar's body is the True Auction™ Value area; and not the open/close. The color of the bar is the delta, within the True Auction™ Value area.

This view is tremendously ergonomic and valuable. Glancing at the chart shows you where the value is developing. The session's value curve is being developed body-by-body. Watch for satisfaction in the value areas: traders up, value area breaks, and traders down. You can very easily find where the trading is becoming satisfied, and where the value price is becoming agreed upon. The bars develop into intermediary bell-shaped value — value areas up, and value areas down … Satisfied trading, and agreement.

True Auction™ History and Transition Zones™

The True Auction™ History display is a price-by-price encapsulation of all the bid/offer activity through the session; as well as other things in fact. By default the levels appear where the bids and offers are updating frequently. The feedback you get from the display needs to be put in context; but put simply: active levels are where traders are trying to get involved! These form key prices in your market, and the history will show extreme confluence with the activity and trading in your session.

Use the PopUp to select from several displays. Tune the threshold based on your selection to pick out the feedback in the most effective way.

Display choices also include a selection for the accumulated data to display. Bar-by-bar data is built from values that have captured the peak at each bar. If you see a level begin at some bar, it was the highest level on that price, in a single bar in the session up to that point. It will remain on the chart until another level pushes higher — at any price — and it falls out of your threshold setting.

Cumulative data is built from an accumulation on each price, throughout the session. Levels appear on prices, and again, will remain until some other price peaks higher and a level falls below your threshold. The level on some price may re-appear if activity peaks up later in the session and brings the accumulation back over your threshold.

The relevance of the two above display choices may be more or less valid in different contexts; depending on what you might be looking for specifically. Yet also, they both will reveal powerful valuable information about the activity in your session. In both cases, again, you will find extreme confluence between these levels and the activity in your session.

Transition Zones™ project intermediary trading boundaries based on our True Auction™ Delta. A zone appears when Auction Dashboard™ has found enough delta to project the trading at the intermediary level. The zones should help you identify the delta that has been exposed by the traders in the intermediary auctions. Price will project from initiations to delta unwinding. From points of agreement to exhaustion. And things like that in the intermediary ranges. They may not be perfect, however, in the overwhelming majority of cases, the boundary will land where you will find traders getting involved, and possible stopping, reversal, or aggressive activity through.

We can't truly explain all of the logic that the zones are using: the True Auction™ Delta is our own proprietary delta that combines market trading with the Aggressor Absorption™, and it simply accumulates through the session like the Cum Delta does. However, the delta also has another component. We call the prior component the "Linear Delta". The second component is what we call the "Unresolved Delta". Based on order flow, the unresolved delta transitions back through zero at points where the trading and balances have seemed to "satisfy" the delta. When this component of the delta crosses back through zero, it is typically in sync with a new Transition Zone™ developing. The zones also use other metrics to break and re-project, including some components based on price action when the trading reaches the projected boundary; however, that component is small, and in fact the zones are based primarily only on order flow.

From the PopUp button, you can ask AD to project a fresh zone at any point in time. You can also have prior zones remain on the chart. You will frequently find that the projections on "uncovered" prior zones will form boundaries for trading in the future.

Session Profiles

The left side of the chart will display the current session's volume profile; overlayed with other elements under the bars. Use the PopUp to configure various other displays. If you view the profiles in a panel, they do not overlay with the other elements, and space is reserved to bring the display to the front. You can view many other details this way. You can see volume price by price; and also view several profiles side by side, to reveal value area and point of control development.

Accumulated Volumes and Deltas


Along the bottom of the chart is the cum volume display. Control-click on the display for options.

Markers and Alerts

A very important feature of the Dashboard is the ability to quickly mark prices and activity as things unfold from your own perspective. As we point out in the User Guide under Workflow, all order flow is based on perspective: it is completely dependent on where you begin to follow. Therefore, important activity will reveal itself to you at arbitrary points in the auction. Mark these prices! Set alerts for important levels!

Mark a price quickly: Shift-Click on a bar and price. This automatically adds a marker, and extends a line from the bar where you clicked. You can also Shift-Click on the Marker Strip; which adds a marker at the price you click, and opens the dialog for you to give it a name, etc.

It can't be overstated that if you mark significant activity in your auction, you will be extremely well-prepared for activity. If you mark something up "wrong", that will also reveal itself!

Quickly add alerts the same way: Shift-Click in the Alert Strip. You can also attach an Alert to any Marker on the chart.

Volume-Based Alerts are also available. In the Alerts PopUp menu, add a new Alert on Volume, and you can define several conditions for having alerts raise on large trades, adds to the Level-II book, session point of control shifts, and several other things. You can also select buyers or sellers only, absorption, and other filters.