Unfinished Auction

Modified on Mon, 08 May 2023 at 07:14 PM

Unfinished Auction - unfinished business. This term is used to describe a situation where the extreme price level (upper, lower, or both) contains both buys and sells at the same time. The indicator is used to search and display similar situations in the market.

Example:


Indicator view on chart:


In order to add and set up this indicator, open the Indicator Settings


*Important: if you are looking for a highlight at the low level, you need to have more bids at the low than the bid filter, and the number of asks should be greater than zero.


If you are looking for a highlight at the high level, you need to have more asks at the high than the ask filter, and the number of bids should be greater than zero.


Period
Days
- the number of days used in calculations.

Colors
High color
- allows you to select the color of the marker, which indicates the upper value of the price.
High Line color
- allows you to select the color of the line being built at the price level of the upper price value.
Low color
- allows you to select the color of the marker, which indicates the lower value of the price.
Low line color
- allows you to select the color of the line being built at the price level of the lower price value.

Alerts

Use alerts - enable the indicator’s alerts

Alert file - select an alert sound


Drawing

Panel
- select the location of the indicator on the chart.

Misc

Ask filter
- set the filter value by ask.
Bid filter
- set the filter value by bid.
Line width
- set the line drawing thickness.

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