Study Values on the DOMTrader and the Order Ticket Price Ladders
Short-term trading plans often use moving averages or other studies, such as Bollinger Bands, as a point of reference for the trader. With CQG 7.5 , traders can display chart study values as small square markers on the DOM price ladder. Therefore, you can see right on the DOM price ladder the live values of the chart studies.
For example, I set up a chart with a three moving average crossover study on the price chart. I placed the DOMTrader next to the chart and arrows from the study values to the markers on the DOM price ladder. The markers use the same colors as the moving averages. In addition, I show how to do this in CQG. Simply right click on the study value in the price axis and select show study values on the trading interface.
Where is the benefit? One use is if you were using a trailing stop based on a short term moving average on a, for example, three-minute chart, you could adjust the trailing stop to be resting where the moving average value is on the DOM price ladder. Or, if you use moving averages as support and resistance values, you can place the order in alignment with the live value on the Dom price ladder.
The next example shows a TradeFlow chart with the Bollinger Band study on the chart and the live values are displayed on the DOM ladder. Again, trades can be placed based on the live study values. You do not have to switch back to the chart to check for current study values. The study values are updated with new prices coming in and you can adjust your orders accordingly.