By bringing order flow into our trading we are able to identify favourable price levels at which to trade. The DOM Pressure indicator considers what is happening right now based upon the pulling and stacking of orders within the DOM and indicates whether the immediate intentions of traders are buying, selling or neutral. Rather than simply placing a limit order at an identified price level, with DOM Pressure the trader can wait until the market's immediate intentions support the planned trade direction and enter with a market order.
In order to use this indicator, it is necessary that Trade >> Trading Chart DOM On is enabled for one of the charts for the Symbol and one of the Pulling/Stacking columns needs to be added. Refer to Sierra Chart's documentation: Customize Trade/Chart DOM Columns and Descriptions for instructions. It should be noted that white label versions of Sierra Chart provided by brokers may not include Trading Chart DOM functionality.
DOM Pressure is provided free of charge and is also included within the complete Emoji Trading Order Flow Suite. Licences include all indicator updates and enhancements during the license period.