Volume Imbalance on the cluster chart

Cluster chart in ThirdDimension platform allows you to see the traded volume at each price level and understands the intentions of traders regarding the future price. In the new version, we have changed the settings and added 3 types of cluster chart: Single, Double and Imbalance.

● Single cluster shows only one data type per each bar.

● Double cluster allows you to select two data types that will be shown in each bar. For example, you can select Volume for the first data type and Delta for the second data type.

● Imbalance in footprint chart highlights the price levels where a buy trade volume is excess over a sell trade volume. Diagonal Bid/Ask imbalance displays aggressive buy market orders lifting the offer and aggressive sell market orders hitting the bid.

In the cluster chart settings, you can specify the ratio between buying and selling volumes diagonally at each price level. For example, Ratio = 3 will show on the chart all the imbalances, where the excess of buying over selling will be above 300%.

Additionally, you can set three different levels of imbalance and specify color settings for each of them.

Stacked Imbalances shows zones of multiple consecutive imbalances that occur on bid or ask side. These zones are important support/resistance levels because they are levels where participants aggressively wanted to get into the market. So when the market retests those levels, the same participants may appear again.

Unfinished auction is also known as unfinished business occurs at bar high/low prices where both buy and sell volumes were traded. The appearance of the unfinished auction indicates a possible continuation of the movement.

Aggregated trades in Time & Sales panel

This new mode in Time & Sales panel, also known as Reconstructed Tape, allows tracking large traders, by summing up trades that match in price, direction and time. For example, if at the price of 2998 single trades were executed at the same time (00:664) and direction (Sell), all trades are summed up.

By setting the additional Time Delay parameter, trades will continue to aggregate at different times, but with the same price and direction.

By adding various conditions for coloring or filtering rows via the Setup Actions menu, you will see only the desired values. Please watch our video guide about this amazing feature and if you have any questions or suggestions, feel free to contact us or leave your comments below.

Connection to Binance Margin

The new connection extends the list of existing connections to Binance, most of which we have already implemented — Binance Spot, Binance Futures, Binance US. The main difference between Binance Margin and Binance Spot is that traders can borrow funds to increase their deposit before making a trade. This allows traders to expand their opportunities by trading with more instruments.

Account Operations panel

After we have connected Binance Margin, we received many requests to create a special panel, through which traders can transfer funds between their Binance accounts. We liked this idea and created the Account Operations panel.

This panel allows you to perform various operations with a trading account — Funds Transfer, Borrow, Repay. Currently, it works with Binance Margin, Binance Futures and Binance Spot.

Trading & visual improvements in DOM Trader panel

We’re always working hard to make ThirdDimension better and especially its main trading panels like DOM Trader. For the last month, hotkeys, visual changes, and improved performance have been added to this panel!

● Added Total Rows for Bids, Asks, Buy and Sell columns. This row shows the total number of placed orders at different prices that are outside the visibility area. In addition, it shows the sum of limit orders at Bid and Ask side, allowing to estimate the imbalance between buyers and sellers.

● Added the ability to change Custom tick size “on the fly” by holding Ctrl key and scrolling the mouse wheel.

● Added the ability to set the number of levels for Bid/Ask columns.

● Added the Ctrl+Q hotkey that will call a small window where you can quickly change the Order Quantity.

● Ctrl+1, Ctrl+2, etc. hotkeys will apply predefined Order Quantity from the list. This list can be changed in the panel settings by specifying the necessary order sizes or adding more buttons.

● Added a new confirmation that will ask about closing the panel. This option will save from accidental panel closing.

● Visual marker of the size for a new order. In case of accidental changes in the order size, you will notice with what volume the new order will be set.

● Increased speed of placing, modifying, and canceling orders with Rithmic connection.

DOM Trader improvements

Added a tooltip that shows the size of the order that trader is going to place. This will allow hiding the order entry sidebar, focus only on the trading process and always understand the order size that will be placed in the market.

Also, for Binance and Binance futures we have improved the Cancel Orders function, which will cancel all orders simultaneously (!). For those who actively trade cryptocurrencies and place a large number of orders, this option will speed up the cancellation of working orders.

Hope you enjoy the new Imbalance feature, and let us know what you think! Leave your questions and feedback and our team will be happy to help!

Connection to CTS technology

Cunningham Trading Systems (CTS) is a technology that provides access to many of the world’s largest exchanges for trading futures, options. In fact, it is the same trading connection as Rithmic, with a wide coverage of exchanges and brokers.

Improved DOM Trader panel with Slim mode

All major changes can be grouped into two categories: visual changes, new columns & features.

Updated UI for Order Entry sidebar

Thanks to close cooperation with professional traders, we have made many visual changes for the Order Entry sidebar. Firstly, it became 30% smaller and we also added Slim mode which reduces the size of the sidebar by 60% (!). For traders who have DOM as their main trading panel, this compact view will be appreciated. In addition, for even more space savings, you can remove signatures of some fields using the No Labels option.

Drag & Drop columns

Another important change we’ve implemented in the panel is the resizing and dragging of all the columns to any location. As a result, each trader will be able to customize the appearance of the panel at his own discretion.

Quick quantity buttons improvements

Surely many of you are already familiar with Quick quantity buttons, on which you can set any order volume. In the new version, we have added support for mathematical signs before the values to quickly increase, decrease or reset the current value.

 Liquidity changes column (known as Pulling and Stacking)

Pulling and Stacking describe the summary of the Liquidity Order Book (LOB) for Bid and Ask Side separately. Stacking shows an increasing Volume in the Order Book for the Sell-Side (Ask) or Buy-Side (Bid) and reflects therefore a supportive intention for the price to move in the corresponding direction. Whereas the Pulling shows a decrease in the Volume in the Order Book and therefore a lack of interest.

If you are considering a short position, buyers pulling bids and sellers stacking offers can provide a trigger for a trade.

If you are considering a long position, buyers stacking the bids and sellers pulling the offers can provide a trigger for a trade.

Number of changes and Cumulative changes columns

Number of changes shows how many times the values have changed at a particular price level (Bids x Asks). Cumulative changes shows the total volume that changed at a specific price level since the panel launched.

Why Number of Changes and Cumulative changes are important?

The liquidity on the Depth of market is constantly changing due to very different types of reasons. The fast changes occurring simultaneously on the bid and ask side are very difficult to track with the naked eye. It becomes even worse when you have over 10 levels.

This is the part where the number of changes and cumulative changes comes on handy. For a buy trade, you would expect to see an increasing number of changes combined to higher cumulative changes showing increasingly adding liquidity at a higher pace. Even better, would it be combined to a higher cumulative change on the ask side to the downside, showing participants eager pulling out the liquidity.

In addition, all three columns have several reset modes:

• manual reset of every single column via the context menu
• automatic reset after a certain time or after a specified number of ticks.

Flexible position management in Option Analytics

Position and strategy management in the Option Analytics panel has become more flexible, thanks to a quick selection of strikes, a reversal button of a single strike or a strategy, and increased volume. In addition, when adding several different strategies, you can quickly include or exclude the entire strategy or a single strike from the profile analysis mode.

 Trailing Stop order with Rithmic

After launching bracket and OCO orders for Rithmic several months ago, we made further improvements to our advanced order types. Trailing Stop is now available on ThirdDimension platform with Rithmic to better help you automate trades and mitigate risk. This order type tracks the current price against the existing position. Once the price is on a positive side for you, the stop order moves closer, reducing the risk.