ChartTradingDOM Version 6

Submitted by linnsoft on Thu, 10/28/2021 - 13:39

ChartTradingDOM 6.0

Version 6 of the Investor/RT ChartTradingDOM is a major update to the platform’s execution DOM with many new features and refinements.

Watch the video for ChartTradingDOM Version 6 here

Here is a summary of the improvements. Each bullet is discussed in detail in the paragraphs that follow:

  • More Compact Sidebar Margins at the left and right of the price ladder have been reduced, especially in Slim and Compact mode.
  • DOM Cell Height Adjustment The height of cells in the trading DOM, formerly limited to Small/Medium/Large, has additional, taller choices for traders who prefer larger DOM cells. The Cell Height can be adjusted in the ChartTradingDOM preferences. The cell height can also be conveniently changed at any time using the mouse-wheel. Position the mouse pointer outside the price ladder at the top right of the sidebar, e.g. over the SELL column heading; mouse-wheel up/down to set the cell height preferred.
  • Auto Sync Chart Scale There is an option to keep the DOM price ladder and the instrument charting scale synchronized so the DOM prices line up nicely with the same price level in the main chart pane. When placing stops or limit orders, this facilitates placing the order at a price level indicated in the chart, just slide the mouse horizontally to that stop or limit price in the DOM. When auto-sync is engaged, using the mouse wheel inside the DOM price column scrolls the DOM prices displayed and scrolls the chart scale to keep the DOM prices aligned with chart prices. Whenever the user clicks to Center the DOM or when the DOM auto centers periodically, the chart scale is adjusted to the new center price, the current market price.
  • Button Events A new button event, Toggle Auto Sync Scale, enables the trader to add a button to the chart for turning the auto-sync mode on/off. The chart scale reverts to Automatic when Auto Sync is toggled off and chart will then show all price action within the range of visible bars. A Chart Button, setup with purpose RTX Event, can be used to control auto-sync and many other DOM settings with a single click.
  • DOM Center Line When the DOM is centered, ChartTradingDOM shows the center line slightly bolder than the cells above and below center. This enables the trade to see at-a-glance how far the market has moved since the last centering. Another scenario where the center line is useful is to easily align two different charts with DOMs of different instruments. This makes it easy to spot when price is moving in tandem or not, for example, ES and NQ aligned DOM’s where price action is moving above the center line for ES but differently for the NQ.
  • Order to Buy (OB) and Order-to-Sell (OS) Columns When there are working orders active, the ChartTradingDOM shows a notation of the working order quantity and type (S for Stop, L for Limit). Buy Stops and Buy Limits are shown in the OB column at the left side of the DOM; Sell Stops and Sell Limits are shown in the OS column at the right side of the DOM. For example, if you see 3L in the OB column you know that you have one or more Buy Limit orders working at that price level with a total quantity of 3 contracts.
  • OB/OS Right click to Cancel With orders working, a right click in the OB or OS column on a cell that denotes order(s) working at the price will send a Cancel Order to the broker for the order(s). Right-click on the OB (left side) of the DOM to quickly cancel buy limit or buy stop order; right click on the OS (right side) of the DOM to cancel sell limit/stop order(s) at the clicked price level.
  • OB/OS Drag-and-Drop Stops and Limit With order(s) working, mouse down in the OB or OS column on a cell that denotes order(s) working at that price and drag the mouse up/down to drop the order(s) to a new price level. As you move the mouse above or below the original cell, the DOM shows a large, color-coded marker report how many ticks, plus or minus, the current position is from the original stop or limit price. When the mouse button is released on a different price level, Revise Limit or Revise Stop order(s) are sent to the broker and the DOM will then reflect the new working stop or limit. If you begin a drag/drop operation and change your mind about revising, simply drag the mouse off the DOM and release the mouse to end the operation with no effect.
  • Single-click Stop/Limit Adjustment The DOM preferences include a checkbox titled Click Price To Revise Limit. Shift-Click to Revise Stop. When checked, the DOM will interpret a click in the Price column as a request to move the current limit order to that price. If there are multiple limit orders working, then the limit order closest to the current market price will be revised to the clicked price. Holding down the Shift key when clicking on a Price column cell moves the stop (or the nearest the market stop) to the clicked price.
  • Mouse Wheel In OB/OS Column To Revise Multiple Limits/Stops When multiple limit orders are working, as seen in the chart below having two pairs of OCO brackets for a LONG 2 position, the mouse wheel can be used while hovering over either to OB or OS Columns to move ALL limits up/down for each click of the mouse wheel. Wheel moves in the OB column move all buy limit orders, while moves in the OS column move all the sell limit orders.
    When multiple stops are working, you can use the same technique to move all stops up/down a tick at a time by holding down the Shift key while moving the mouse wheel.
  • Right click Quick Flatten When in a position, the average fill price of the position row is highlighted in the DOM (green for LONG; red for SHORT). A right click on the position price in the center price column submits a Flatten to the broker to exit the position, i.e. cancel all working orders and exit the position. Any other right click in the Price Column pops up a convenience menu for viewing today's trading results, the account name in use, the trading log, etc.
  • DOM Price Blocks By default, the price column appears with all prices having the same background color. In the DOM preferences there is a checkbox titled Display Price Ladder in Blocks of... Checking this box and specifying a number results in the price ladder shown with blocks of alternating background colors. For example, for trading the ES you might use 4 prices per block, for MES 10 prices per block. Note that the number of prices per block can be specified as a C# or V# variable. This makes it easy to create a button in your chart to set a value into the V# or C# you select; This will enable you to dynamically change the number of prices per block in the DOM. The alternating background blocks are centered in the price ladder; thus when the DOM auto-centers or is manually centered by clicking the Center button, the current market price at the center will always be at the top of a block of prices.
  • ChartTradingDOM and TradeViewer The trading DOM and trader viewer RTX extensions are designed to work together to enable the trader to visualize his open position graphically in the charting context while using the trading DOM to manage the position. Right-clicking inside the chart pops up a charting menu containing a Trade…submenu. Use the Trade menu to add ChartTradingDOM and/or TradeViewer to your charts. TradeViewer shows both open positions and closed positions. For active traders, we recommend that TradeViewer preferences be setup to hide closed positions while in a trade. For even the most complex positions involving multiple buys and sell to scale in an scale out of the position, TradeViewer can monitor and set the breakeven price of the overall position into a V# user variable. The ChartTradingDOM can then in turn be setup to Show a Marker at that specific V# price level in the price ladder. This enables the trader at all times to see his breakeven price and serve as a guide for setting stops using the new techniques of ChartTradingDOM 6.This integration requires that you have the TradeViewer running in the chart with the trading DOM to keep the breakeven price V# variable up to date as market price changes.
    ChartTradingDOM 6.0 is available now for Beta Testing under Investor/RT 15, the 64-bit Edition of the platform so to be release generally. The new DOM will also be available in RT 13 and RT 14 32-bit platforms once it is final.