Pulling and Stacking in Depth of Market (DOM trader)of Quantower

Quantower trading platform provides Pulling and Stacking in DOM Trader panel, which describes 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.