New Smart DOM Features

In this article, we delve into the enhanced functionality of this module and explore how it can help traders capitalize on liquidity within the order book:

Its primary purpose is to analyze liquidity in the order book, i.e., to analyze limit orders or Level II data provided by the exchange in real time. The module features a built-in profile that enables you to assess activity based on recently executed trades and other information.

Furthermore, Smart DOM serves another crucial purpose – trading.

A wide range of functions and flexibility of settings fully justify the name of this module – Smart. 

As of spring 2024, following a series of updates, the Smart DOM module appears as depicted in the screenshot below.

Numbers indicate:

1. The button to access the Smart DOM module. A live connection to the exchange is required for seamless functionality.
2. The top panel. It offers options to select accounts, order volumes, and more. 
3. The bottom panel (Footer). Here you can find buttons for trading, centering, and other options which we will discuss further.

• Orders / PnL. Information about your own trading activity.
• Today. Today’s profile.
• Price. A price scale.
• Change Bid. Changes in the bid column.
• Bid. Bids, or buy orders.
• Sells. Market sells.
• Buys. Market buys.
• Ask. Asks, or sell orders.
• Change Ask. Changes in the ask column.
• Liquidity Map. Short-term heat map. More details about the Heat Map can be found in this article.
• On the right – a column for quick one-click notes.

You can adjust the column positions by dragging and dropping them by their headers or by using the Up and Down buttons in the settings manager window (in the Selected Columns section). To adjust the column widths, simply scroll the mouse wheel while hovering over the column header.

To customize Smart DOM, open the settings manager window by clicking on the button indicated by the arrow in the previous screenshot.

• Columns. Here, you can add, remove, and customize columns, similar to the indicator manager. In the Available Columns field, select the desired column (two sections are available – General and Analytical columns); click Add to add it, then configure the selected column on the right.
• Common settings. Here you can adjust parameters for the module as a whole.
• Templates. Saved templates.

Additional information about the Smart DOM module is available in the Knowledge Base. You can also find descriptions for each column there.

Let’s explore the numerous enhancements that have been integrated into the module with the latest updates in early 2024.

To add the liquidity map, go to the settings of the Smart DOM module, select the Liquidity Map column, click Add, and make any additional adjustments as needed.

Now, font management is available on the Common Settings tab:

• Visual Settings: customize fonts for the content within columns.
• Header: customize fonts for column headers.
• Button: customize fonts for buttons located at the bottom (Footer).

Additionally, all font sizes now benefit from smoothing technology, improving the visual clarity of text displayed on the computer screen.

A new approach has also been applied to color settings: on the Common Settings tab, there are now parameters allowing users to customize backgrounds and text colors for all buttons in the Header and Footer sections.

The column has become more functional, enhancing workspace efficiency:

• Now, it displays the potential outcome (2) of an open position when closed at different price levels. 
• Additionally, there is a marker (3) that displays the volume of an existing limit order and the queue before its execution. Using this marker, you can drag/cancel orders with the mouse.
  

In the footer, there is an X button (1) for undoing profile clearing within Smart DOM. Clicking it enables users to revert the profile (shown as a blue histogram in the screenshot) to its original state and observe how it develops from scratch. This feature can be handy, especially for monitoring price movements after news releases.

Now, there is an R button below the profile in the footer. It lets users “restore” the original profile without restarting it through the settings window. In other words, it is an undo for clearing. To see how it works, simply click X, and then R.

Smart DOM now includes several subtle enhancements that boost its visual appeal and aid users in quickly navigating through data.

• levels now light up when hovered over with the mouse;
• the latest trades are now highlighted with color and displayed in bold font. Users can customize the color in the Sell/Buy current trades column settings using the Last Trade Settings parameter.

Previously, automatic centering occurred every 60 seconds.

Moreover, you can center the DOM by clicking the C button (shown with the arrow above). Double-clicking this button will center all open Smart DOM modules.

taking into account various technical nuances related to value accuracy. Now, the column more accurately reflects significant changes at specific price levels.

• Flash Settings parameters. These are visual “flashes” that can have different colors for positive and negative changes;
• Histogram parameters. This displays changes in a histogram format for easier comprehension. 

Depth Count parameter has been added to the Smart DOM module settings tab. It controls the number of levels in the DOM.

The template library in the settings manager window has been updated. The default template opened for new users has been updated.

Practical experience is the best way to assess how beneficial Smart DOM can be for you:

1. Download and install the ATAS platform.
2. Launch Smart DOM in Market Replay mode (ensure Level II data is chosen the simulator settings).
3. Assess your ability to trade profitably, pay close attention to price action around significant volume levels.

The simulator enables you to test your strategy in conditions closely resembling real ones, but without risking your capital.

Try combining Smart DOM with other tools available in the ATAS platform, including:

• Footprint Charts. Cluster charts offer filtering options and delta display, providing hundreds of variations. They help keep track of the overall market picture, while Smart DOM allows you to focus on the details.
• Trading features integrated into Smart DOM, enabling flexible trade volume management and customization of automatic exit strategies.
• Advanced indicators: Big Trades, DOM levels, Market Profiles, Cluster Search, Speed of Tape, and others.

Additionally, you can combine Smart DOM with non-standard timeframes, drawing objects, set up alerts, and test volume behavior patterns in the DOM across various markets: cryptocurrencies, futures, stocks. If you encounter any issues, the responsive ATAS support team is there to assist you.

Download ATAS. It is free. During the trial period, you will get full access to the platform’s tools to experiment with copying trades, strategy development, and more. Moreover, you can continue using the program for free even after the 14-day trial period is over, whether it is for cryptocurrency trading or volume analysis.

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