At times, large volume traders will submit orders of sufficient size that at given prices, no two-way trade occurs and we see zero volume on the opposite side of the market to that which they were trading at. This can be a sign of stops being triggered – large volume traders will seek to trigger stops – or simply of order size and we of course wish to trade in the direction of those traders who trade with sufficient volume to move the market. In liquid markets, these zero print price levels leave the market unsure about the impact of these prices – price is an advertising mechanism for volume – and as well as defining support and resistance levels, zero print prices also provide levels that the market may well revisit in order to determine supply and demand at these levels.
Zero Print 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.