Big Trades + Liquidity Sweep + Mini DOM

The Big Trades + Liquidity Sweep + Mini DOM indicator is a sophisticated order flow and liquidity analysis tool designed to identify institutional market activity by combining volume intensity, multi-exchange data, and price action. It helps traders distinguish between aggressive initiative buying/selling and passive absorption while highlighting key liquidity stop runs.

Usage

This tool is used to identify high-probability reversal and continuation zones based on the footprint of "Whale" activity.

Big Trades Detection

The indicator uses Z-Scores (Standard Deviations) to categorize volume significance:

• Tier 1 (Small Circles): Significant volume slightly above the mean.
• Tier 2 (Medium Circles): High volume areas that frequently act as localized support or resistance.
• Tier 3 (Large Circles): Extreme institutional volume often leading to major trend shifts.

Initiative vs. Absorbed

Users can look for specific markers following Tier 3 trades:

• Initiative (Purple Circle): Confirms aggressive participation where price moves strongly in the direction of the trade within a set lookback.
• Absorbed (Yellow Cross): Indicates passive liquidity soaking up aggressive orders, often signaling a reversal as price fails to move despite high volume.

Liquidity Sweeps

The tool tracks pivot highs and lows to detect stop runs:

• Bullish Sweep (LTL-SWEEP): Occurs when price dips below a previous low but closes back above it, marked by a dotted box and horizontal line.
• Bearish Sweep (LTH-SWEEP): Occurs when price spikes above a previous high but closes below it.

Mini DOM & Multi-Exchange Aggregation

For crypto traders, the tool can aggregate volume from Binance, Bybit, OKX, Coinbase, and Kraken. The real-time Mini DOM table on the chart displays:

• Volume Profile: Distribution of volume at specific price levels.
• Bid/Ask & Delta: The net difference between aggressive buyers and sellers.

Details

The indicator calculates volume intensity by normalizing volume against the Average True Range (ATR) or price range, ensuring that "Big Trades" are identified relative to current market volatility rather than absolute numbers. For crypto assets, it uses request.security to fetch global volume data, providing a more comprehensive view of market participants than a single exchange feed.

Settings

Big Trades Detection

• Lookback Period: Sets the window for calculating average volume and standard deviation.
• Sensitivity (Sigma): Adjusts the threshold for Z-Score detection (recommended 2.5 for Crypto, 2.0 for Forex).
• Tier Multipliers: Defines the volume requirements for Tier 2 and Tier 3 trade markers.
• Normalize by ATR: When enabled, scales volume detection based on volatility.

DOM & Liquidity

• Use Multi-Exchange (Crypto): Toggles volume aggregation across major crypto exchanges.
• Pivot Lookback: Determines the length for identifying significant highs and lows for sweeps.
• Require Big Trade: Filters liquidity sweeps to only show those backed by Tier-level volume.

Visuals & Mini DOM

• Show Mini DOM: Toggles the real-time order flow table.
• Confirmation Bars: Sets the number of bars used to determine Initiative vs. Absorption status.

FAQ

How do I use the Multi-Exchange feature?

The multi-exchange data is automatically pulled for crypto pairs if the "Use Multi-Exchange" setting is enabled and the ticker matches supported exchanges like Binance or Coinbase.

What is the difference between Initiative and Absorption?

Initiative means the "Big Trade" successfully pushed the price, while Absorption means a large limit order at that level stopped the aggressive orders from moving the price further.

How can I access this tool?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.