LessonsIndicator atlasFlow: who is aggressive
Aggressor order bubbles
Large market orders as circles on the chart: who hit with size, and where.
How we compute it
We join the fills of one aggressor order exactly (same taker and transaction hash). A bubble appears above a threshold tuned to the market (a high quantile of order values over the last hour); circle area by value, and a double ring marks a battle with one large maker.
How to read it
- A series of large bubbles at a level while price stands still: someone on the other side is absorbing.
- A large bubble on a breakout with rising OI: a new position, not a close.
Traps
- One large order is not a trend yet; often it is a position being closed or a hedge.
Combine with
- With the tape and DOM: what was resting in the book before the order came.
- With whales: are large accounts moving.
In Charts
Indicators → Aggressor order bubbles