Strategy "Traffic on Ax"
The Ax module evaluates the behavior of the volume in the DOM.
Last updated
The Ax module evaluates the behavior of the volume in the DOM.
Last updated
In the left panel of the terminal, click on "New tab".
In the window that opens, select the connection to the exchange, the trading instrument and in the section "DOM Modules" put a check mark next to "Ax", then click "Apply".
Next, you need to configure the module itself, for this, the display, time and histogram settings are located on the top of the module: we set the time range in seconds, which sets the size of the sliding window and the scale scale for building a histogram.
Using the example of BTCUSDT (the approximate significant volume at the same level is about 30-200 BTC at a price step of $ 1 on the Binance exchange - the value varies depending on volatility):
After setting up, the workspace should look like this:
Ax module helps to determine:
To identify the direction of accumulation of LARGE POSITIONS by limit orders (potentially - actions of the market maker).
To identify the propping up of the levels (reversal formations).
Determination of support and resistance levels in the market.
Identify a significant level.
Place an application at this level (preferably 2 steps before this level to take your application with a high probability).
Wait for your application to be accepted.
After taking your application, there should be a reaction in your direction (a quick blow, a rebound, an increase in intensity).
At the level of your entry or a little further, there is a surge (growth) of the scales - it looks like the level is supported by limit orders.
Maintaining a position towards the intended goals. If the price reaction was not at the level, then the deal is for a short time, because a breakdown of this level is likely (a quick deal with an exit).
How to determine the level: this is an outstanding maximum among the local distribution of scales. Example - prices 60272 and 60240 for ASK and 60046 and 60014 for BID:
How it looks on the chart:
What happened after a few minutes (the levels restrained the price, and then you need to look at the price behavior - intensity, orientation, to assess the possibility of holding a short position and for what distance):
