Edge Level

From: $19.99 / month

Highlight the levels where large traders are buying or selling and track how they defend these positions

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Edge Level is an implementation of MarketDelta Edge Zone ™ Levels (also referred to as EZ ™ Levels). This indicator identifies price levels where large traders are buying or selling by combining a user-defined bid/ask imbalance percentage difference with a minimum volume threshold between the bid and ask levels.

By combining the identification of the price level with the EmojiZone Dynamic Support/Resistance display, an enhanced version of the MarketDelta implementation is achieved that tracks how this price level acts as support or resistance.

Edge Level may be licensed for Sierra Chart on a Lifetime, 1-month or 3-month basis, or as part of the complete Emoji Trading Order Flow Suite. Licences include all indicator updates and enhancements during the license period.


Input Name Description
Minimum Volume Difference The minimum difference in volume required between the diagonal bid and ask volume values for an Edge Level that meets the Threshold percentage below to be displayed.
Threshold The percentage threshold at or above which an Edge Level will be displayed. An Edge Level is displayed only if the Minimum Volume Difference (see above) and this percentage Threshold are both breached.
Enable Diagonal Zero Bid/Ask Compares? This input determines whether price levels where zero volume traded at the bid or ask (including the highest and lowest prices in within the bar) are evaluated for imbalance calculations.
EmojiZone Mode Please refer to this link for EmojiZone documentation.
Select whether the EmojiZone is set to: Disabled, Fixed Projection, Extend Until Future Intersection or Dynamic Support/Resistance Display.
EmojiZone Fixed Projection Distance Specifies the number of bars from the current bar that a Fixed Projection EmojiZone will be drawn.
EmojiZone Extension Line Label Specifies the line label (can be left blank) for an Extend Until Future Intersection EmojiZone line.
EmojiZone Dynamic Break Threshold When using a Dynamic Support/Resistance Display EmojiZone, this input sets the number of ticks by which the zone can be breached without it being regarded as having broken.
EmojiZone Dynamic Evaluation Levels If set to 0, every current EmojiZone is evaluated at each study calculation. To reduce processing time, a non-zero value will limit calculation to the nearest n EmojiZones to the current price where n is the value entered in this setting.

ID Subgraph Description
SG1 Lowest Edge Level Bid Price The lowest price level within the bar at which there was an Edge Level triggered by a bid imbalance. Provided to support the development of automated spreadsheet and ACSIL trading systems.
SG2 Highest Edge Level Bid Price The highest price level within the bar at which there was an Edge Level triggered by a bid imbalance. Provided to support the development of automated spreadsheet and ACSIL trading systems.
SG3 Lowest Edge Level Ask Price The lowest price level within the bar at which there was an Edge Level triggered by an ask imbalance. Provided to support the development of automated spreadsheet and ACSIL trading systems.
SG4 Highest Edge Level Ask Price The highest price level within the bar at which there was an Edge Level triggered by an ask imbalance. Provided to support the development of automated spreadsheet and ACSIL trading systems.
SG5EmojiZone Properties Use the Color, Width/Size and Transparency Level for Fill Styles inputs to customise the appearance of this indicator’s EmojiZones. Please refer to this link for the EmojiZone documentation.