Searches the cells of the cluster for values of the indicated type. Found values within the cluster can serve as a reference point in market analysis, act as levels, and also serve as signals for entering a position.
When the Cluster Search indicator finds a value with the indicated parameters, it highlights it and marks it with a shape. The indicator has customizable filters for a more precise search for the required values.
Indicator view on a candlestick chart:
Indicator view on a cluster chart:
Indicator settings
Parameters
Name | Description |
Type | Selecting the type of the required values in the cluster cells. |
Minimum | Indicating the minimum value of the specified type to search. |
Maximum | Indicating the maximum value of the specified type to search. |
Alert | Possibility of setting a sound alert when the indicator finds values of a given type. |
Style
Name | Description |
Selection Color | Selecting the color for highlighting the values found by the indicator. |
Object Back Color | Selecting the color of the shape that the indicator uses to mark the found values. |
Object Type | Selecting a shape type, or disabling it. |
Minimum Size | Indicates the minimum size for the shape. |
Maximum Size | Indicates the maximum size for the shape. |
Filters
Name | Description |
Bars Range | Combining values in cells with the same price in adjacent clusters (the current cluster and clusters on the left) to obtain the desired value of the specified type.Spoiler: Example |
Price Range | Merging values in neighboring cells of the cluster (the current cell and the cells below it) to obtain the desired value of the specified type. Spoiler: Example |
Min Value | Indicating the minimum value that the indicator will take into account when merging bars and prices.Spoiler: Example when merging prices |
Min Delta | Indicating the minimum delta value in a cell when searching for values of a given type. |
BidAsk Imbalance | Indicating the minimum overweight BidAsk in a cell when searching for values of a given type. This filter is indicated as a percentage. To search for an overweight of Ask over Bid, positive values are indicated; to search for an overweight of Bid over Ask - negative ones are indicated.Spoiler: Example |
Range From High | Indicating the range in points from the high of the cluster, in which the indicator will search for values of the specified type. |
Range From Low | Indicating the range in points from the low cluster, in which the indicator will search for values of the specified type. |
Min Avg Trade | Indicating the minimum value of the average trade in a cell when searching for values of a given type. Any value in a cluster cell is formed from transactions of small and large market participants. Indicating the average trade of a cell helps to identify a large market participant. The larger the average trade of a cell, the more likely that it was formed due to large volumes. Average trade is calculated using the formula Volume (total volume of all transactions) / Trades (number of transactions).Spoiler: Example |
Max Avg Trade | Indicating the maximum value of the average trade in a cell when searching for values of a given type. |
Bar Direction | Selecting the cluster direction, which the indicator will take into account when searching for values of a given type. |
Price Location | Selecting the location of a cell with a value of a given type within the cluster, which the indicator will take into account when searching. |
Single Selection | Selecting the one largest value of a given type within a cluster among those found. |
Time filter
Name | Description |
Use Filter | Enable time filter |
Start Time | Setting the time from which the search for values of the specified type starts. |
End Time | Setting the time at which the search for values of the specified type ends. |
Indicator
Name | Description |
Show Indicator | Enabling or disabling the indicator display on the chart. |
Show Area | Enabling or disabling the indicator name display in the information line. |
Area | Selection of an area to display the indicator. |