The absorption signal visualizes the point where absorption occurs in your instrument. The signal will print immediately, and remain historically, on the chart at the time and price level where the absorption occurred. You can also adjust the settings to receive alerts for the signal.
When the price is absorbed, look for a price reversal.
For an absorption signal, the market volume is measured for a defined period of time. Once the “Trigger Volume” value is reached or exceeded within the time parameters, the signal is the output. It can occur with one or more large limit orders, or with an iceberg.
There are two absorption signals together. One with 1.526 lots and the other with 780 lots. All market volume was absorbed. After that; the price goes up.
Settings window for absorption signal
Enable / DisableEnable or disable the Absorption signal on the chart by clicking the “Enable” checkbox.Design and LayoutClick on the “Edit” Button to change the design, symbol, color, transparency, layout, position on the chart, and size of the signals on the chart. If you choose the design style “professional” you will get additional information about the absorption signal.
The “professional” Symbol takes up more space but shows additional information about the specific absorption signal
Trigger VolumeThe threshold of market volume must be transacted and completely absorbed by resting limit orders.Value range: 1–100000000Increment: 1 Maximum Duration [s]Threshold of time given for market volume to be transacted and absorbed. Absorption needs time to complete all traded orders on both the market and limit sides.Value range: 0.01–10000Increment: 0.01Alert SoundAcoustic signal that sounds when the parameters of an absorption signal are met.Send Telegram NotificationsEnabled / Disabled allows you to send a notification to the messenger service “Telegram”.Enable Bookmap NotificationsEnabled / Disabled activates the Sound Alerts in Bookmap.