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Most everything we do in trading is subjective. One trader's entry is another trader's exit.
The U/A indicator is based on a bar showing trades at both the Bid and at the Ask at the extreme of a bar, your example illustrates that condidtion on your larger range chart but only one instance on the smaller range chart.
You ask is the "unfinished business still there?", in my opinion the demand [buying] that came in there to lift the offers is likely still there [to be tested the next time price returns to that level]. That's why price moved away from that area.
I do not believe it would not make sense to "filter" this, it would make sense to look for these Unfinished Auctions on different timeframes to give yourself "confirmation" that it wasn't an anomaly based solely on the timeframe you were looking at that caused it in the first place.
The screenshot below shows a 3 tick Reversal chart beside a 5 minute chart, on the ZB
I have circled the U/A's that occurred at the same price levels, suggesting the levels exist across multiple timeframes.
For me that is confirmation, for another trader that information might be considered meaningless.
The interpretation is yours to decide.
Hope that helps,
R.I.P. John Bottomley (Botts), 1956-2022.
Please visit this thread for more information.
Uploaded a new version
* corrected a few problems on profile (outline was off when using a tick mode on a delta plot, no historical on sierra)
* added COT to OrderFlow
* added an option to replace all the delta info on the orderflow with a candelstick, seems easier to read than all the numbers..
* corrected a few problems on the orderflow(naked UA sometimes not showing up)
thanks for your great indicators. Just two things.
The Delta Candle is missing at the top or the bottom of the chart, as you can see in the rectangule (auto scale this icon??)
Will it be possible to obtain a separate indicator for Volume Delta and VPOC per bar as you can see in this image? Or anyone knows if they are already available in futures-io?