INVITE-ONLY SCRIPT
Market Matrix [FxcAlgo]
Market Matrix: A Comprehensive Market Depth and Order Flow Analysis Tool
Market Matrix is an advanced analytical tool designed to provide traders with detailed insights into Market Depth and Order Flow, enabling a deeper understanding of price and volume dynamics. This indicator empowers traders by consolidating essential market data into a highly customizable and intuitive format.
Features Overview:
Market Depth Analysis
The Market Depth module allows traders to visualize real-time bid and ask data at each price level, revealing supply and demand dynamics. Key elements include:
* Price Levels: Displays the levels at which market activity is occurring.
* Bid and Ask Volumes: Tracks filled buy and sell limit orders in real time.
* Sell and Buy Orders: Separates market sell and buy orders for greater clarity.
Traders can customize the price level display to optimize visibility and performance, with options for dynamic or fixed price range adjustment.
Volume Profile and Point of Control (POC)
The Volume Profile feature enables traders to:
* Identify high and low volume nodes to locate critical price areas.
* Highlight areas of significant market participation (POC).
This data assists traders in identifying potential support and resistance levels where price action is likely to react.
Delta and Imbalance Metrics
Gain deeper insights into market sentiment with tools that measure:
* Delta Analysis: Difference between buy and sell volumes at each price level.
* Intralevel Imbalances: Evaluate imbalances between bid and ask volumes within the same price level.
* Interlevel Imbalances: Measure volume discrepancies between adjacent price levels.
* Buying Pressure Percent: Calculate the percentage of buy volume relative to total volume, providing insights into market strength.
Key Intraday Levels
Market Matrix includes up to 24 pre-defined key levels to assist traders in pinpointing significant price zones:
* Previous Week Levels: High, Low, Middle, and Settlement.
* Previous Day Levels: High, Low, Middle, and Settlement.
* Current Day Levels: Open, High, Low, and Middle.
* Opening Range and Initial Balance: Essential for identifying market behavior at the start of the session.
* VWAP and Standard Deviations: Volume-weighted average price with ±1, ±2, and ±3 standard deviations.
* Point of Control (POC): The price level with the highest traded volume.
Time and Sales Panel
The Time and Sales module provides granular data on executed trades, offering:
* Time, Price, and Size Columns: Displays trade execution details in real time.
* Size Filtering: Focus on large or small trades based on trader preferences.
* Absorption Detection: Identify areas of high liquidity absorption to predict potential price reversals.
Customization and Performance Optimization
Market Matrix allows traders to enable or disable individual features to suit their trading style and improve performance. High-impact features, such as historical data collection and imbalances, can be adjusted for computational efficiency.
Disclaimer
Market Matrix does not utilize tick data. Instead, it reconstructs market depth and order flow using real-time time-series data (price and volume). The volume displayed represents filled orders only and does not include unfilled limit orders.
Why Use Market Matrix?
Market Matrix simplifies the complexities of market data, providing actionable insights into market behavior. This tool is ideal for day traders, scalpers, and swing traders seeking an edge in their trading strategy by leveraging professional-grade market analytics.
Access Market Matrix as an invite-only script on TradingView. Subscribe today to elevate your trading experience.
Market Matrix is an advanced analytical tool designed to provide traders with detailed insights into Market Depth and Order Flow, enabling a deeper understanding of price and volume dynamics. This indicator empowers traders by consolidating essential market data into a highly customizable and intuitive format.
Features Overview:
Market Depth Analysis
The Market Depth module allows traders to visualize real-time bid and ask data at each price level, revealing supply and demand dynamics. Key elements include:
* Price Levels: Displays the levels at which market activity is occurring.
* Bid and Ask Volumes: Tracks filled buy and sell limit orders in real time.
* Sell and Buy Orders: Separates market sell and buy orders for greater clarity.
Traders can customize the price level display to optimize visibility and performance, with options for dynamic or fixed price range adjustment.
Volume Profile and Point of Control (POC)
The Volume Profile feature enables traders to:
* Identify high and low volume nodes to locate critical price areas.
* Highlight areas of significant market participation (POC).
This data assists traders in identifying potential support and resistance levels where price action is likely to react.
Delta and Imbalance Metrics
Gain deeper insights into market sentiment with tools that measure:
* Delta Analysis: Difference between buy and sell volumes at each price level.
* Intralevel Imbalances: Evaluate imbalances between bid and ask volumes within the same price level.
* Interlevel Imbalances: Measure volume discrepancies between adjacent price levels.
* Buying Pressure Percent: Calculate the percentage of buy volume relative to total volume, providing insights into market strength.
Key Intraday Levels
Market Matrix includes up to 24 pre-defined key levels to assist traders in pinpointing significant price zones:
* Previous Week Levels: High, Low, Middle, and Settlement.
* Previous Day Levels: High, Low, Middle, and Settlement.
* Current Day Levels: Open, High, Low, and Middle.
* Opening Range and Initial Balance: Essential for identifying market behavior at the start of the session.
* VWAP and Standard Deviations: Volume-weighted average price with ±1, ±2, and ±3 standard deviations.
* Point of Control (POC): The price level with the highest traded volume.
Time and Sales Panel
The Time and Sales module provides granular data on executed trades, offering:
* Time, Price, and Size Columns: Displays trade execution details in real time.
* Size Filtering: Focus on large or small trades based on trader preferences.
* Absorption Detection: Identify areas of high liquidity absorption to predict potential price reversals.
Customization and Performance Optimization
Market Matrix allows traders to enable or disable individual features to suit their trading style and improve performance. High-impact features, such as historical data collection and imbalances, can be adjusted for computational efficiency.
Disclaimer
Market Matrix does not utilize tick data. Instead, it reconstructs market depth and order flow using real-time time-series data (price and volume). The volume displayed represents filled orders only and does not include unfilled limit orders.
Why Use Market Matrix?
Market Matrix simplifies the complexities of market data, providing actionable insights into market behavior. This tool is ideal for day traders, scalpers, and swing traders seeking an edge in their trading strategy by leveraging professional-grade market analytics.
Access Market Matrix as an invite-only script on TradingView. Subscribe today to elevate your trading experience.
Invite-only script
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.