Create & Optimize a DOM

Contents:

• How To Transform a Default DOM to Industry Standard DOM
• Proceed to Add More Columns
• Adding Studies to DOM graph
• Configuring DOM for Trading
• DOM Market Depths and Pull/Stack Data
• DOM Scale Settings and Re-centering
• ◀️Previous Module: @DOM Introduction
• ▶️Next Module: @Trade Metrics Guide

Tip: Open the DOM chartbook provided HERE and use as a foundation

How To Transform a Default DOM to Industry Standard DOM

Overview: More columns will be added with additional information and coloring will be adjusted.

• Title Bar: File > Open New Trading DOM
• Select the desired Symbol
• Click Open Trading Dom
• Window Title bar: Chart > Graphics Settings Chart
• Uncheck the box Use Global Graphics Settings

Adjust all DOM related graphics settings to desired. Example:

Trade DOM Background Color = Black Trade DOM Grid = Dark Grey Last Trade Price Box = Yellow Uncheck Trade DOM Bid/Ask Backgrounds Trade DOM Ask Depth Back = Red Trade DOM Bid Depth Back = Blue

Trade DOM Bid/Ask Depth Quantities both to White Trade DOM Ask/Bid Backgrounds are unchecked boxes Enable Trade DOM Recenter Line = Dark Grey Trade DOM Values Scale Text = White

All grids changed to grey.

From the same Graphics Settings Chart:

• Switch to the Fonts tab
• Click on Chart Text > Select > Change settings as needed
• Click on DOM Quantities/Size > Select > Change settings as needed

• Open the trading DOM
• Window Title Bar: Trade > Attach Trade Window To Chart
• Click ‘M’ to open the menu
• Click Customize Chart/Trade DOM columns
• Select by clicking on any desired Column then click the Right arrow to add it
• Example: Bid Ask Market Depth Pulling/Stacking
• Click on any Visible Column to adjust settings from the available drop down lists. Move using Move Up Move Down

It’s possible to use volume bars within order depth levels. From the same Customize Chart/Trade DOM columns window:

• From Visible Columns select by clicking Bid/Buy Column
• Change the Show Volume Bars to Right
• Do same for Ask/Sell Column but Left

• Click anywhere within the DOM to select it
• Window Title Bar: Chart > Studies (or F6)
• Select by clicking any studies from the Studies Available list
• Click Add
• Click Settings
• Adjust study settings as needed
• OK

For example only:

• Open the trading DOM
• Click ‘M’ on the DOM’s trade window to open Menu
• Hover Orders and click the options as desired
• Example: Support Scale in, Support Scale Out, Maintain Sam Quantity for OCO Group Orders are all checked
• Chart Trade Mode checked
• Trading Chart DOM ON checked

Continuing the trading configuration:

• Click anywhere within the DOM to select it
• Title Bar > Chart Settings (or press F5)
• Display Tab > Chart Update Interval = 100. (Sierra Chart recommends no less than 100ms, though many traders use far less, however running risk of performance or data issues in higher volatility. Use at descretion).

Note: To change DOM graphics settings globally then: Title bar > Global Settings > Graphics Settings - Global. Proceed to adjust DOM settings as described above

Tip: The Main tab of the Trade Order Window attatched to the DOM is quite large, the ‘C’ tab is more compact

DOM Market Depths and Pull/Stack Data

To change depths to show, a sufficient data package must used with a data feed that includes full depths.

Change depths:

• Title Bar: Chart > Chart Settings > Market Depth menu > Maximum Depth Levels
• 0 is all available, or set to desired value

Change Pulling/Stacking Levels to Load:

• Title Bar: Global Settings > Chart DOM Settings > Other menu > Max Bid/Ask Pulling Stacking
• 0 is all available, or set to desired value

DOM Scale Settings and Re-centering

Various scale modes are available in Sierra Chart.

Consider this layout:

• Scale Settings
• Scale Range
• Constant Range (XX* Points)
• Constant Range Scale Mode: Keep Last Bar Within View
• Ticks From Edge (XX*)

The DOM will tick up and down on the price ladder but recenter when close to edge.

(Replace * with desired value)

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Please be aware that the information contained in this handbook is not intended to be and should not be taken as financial advice. The creator is not a financial advisor and the materials provided should not be relied upon in making any financial decisions. Any actions taken based on the information contained in this handbook are taken at the reader's own risk and the creator will not be held liable for any losses or damages resulting from such actions.

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