Sierra Chart Studies

MBO Blocks

Visualize Market By Order (MBO) data as color-coded blocks on your DOM or chart. See individual limit orders stacked at each price level – sized proportionally and colored by quantity range – so you can instantly spot the resting orders you are interested in and track queue positioning.

Features

• Two draw modes – render in DOM columns (GP1/GP2/Label) or as a virtual column on any chart or DOM
• 15 quantity filter tiers for bid and ask independently with custom block and text colors
• Front of Queue markers – visual indicator showing queue direction for both bid and ask sides
• Flexible scaling – multiple block scaling methods with configurable scale factor
• Combine increment support – auto-detects your DOM combine setting or set a custom tick grouping
• Min size filtering – hide small orders to reduce noise
• Works on Charts and DOMs – auto-detects window type and adapts layout accordingly
• MBO Order Tracking – monitors orders for price and size changes, marks modified orders with a history indicator
• MBO History Tails – briefly shows origin and destination when a tracked order changes price levels. Snap style retracts over the duration, Solid style holds until expiry
• MBO History Snapshot Window – hover or pin any tracked order to see its full movement trail, timestamps, and summary stats. Multiple theme options

IMPORTANT

• Study Requirements – Sierra Chart Service Package 12 (Integrated Advanced MBO) with Market by Order data subscription enabled

Acknowledgment: The original concept of visualizing MBO orders as colored blocks was inspired by MotiveWave, brought to my attention by ZigsOnTheBid in the Sierra Chart Discord. The study has since evolved significantly with original features and enhancements. The original text-only version is available on my GitHub.

Trade Bracket Preview

Previews your bracket orders before placing them. Draws labeled entry, stop, and target lines at the hovered price based on your active Trade Window settings. Works on both Chart and DOM.

Features

• Live bracket preview from Trade Window
• Entry, stop, and target lines with configurable styles and colors
• Color source: match SC order line colors or use custom colors
• Config Menu popup for quick Trade Window config switching
• Above/Below Market warning with configurable color overlay
• Trade Lock warning with LOCKED tag and color override
• Optional Preview tag and bracket config name in labels
• Label positioning, outline style, and font source options
• DOM direction detection (Buy column = long, Sell column = short)
• Chart direction modes: Auto-Flip, Fixed Long, Fixed Short, Separate Keys
• Auto-hide when position is open

Fair Value Gap

Identifies and draws Fair Value Gaps – three-candle price inefficiencies where a strong move creates a gap between the first and third candle wicks, indicating a potential buy/sell imbalance.

Features

• Independent settings for up and down gaps
• Configurable line style, width, color, fill color, and transparency
• Extend right: None, Last Bar, or Chart Edge
• Auto-hide when gap is filled
• Optional midline drawing
• Minimum gap size filter (in ticks)
• Configurable bar lookback limit
• Optional external study filter – qualify which candles produce valid gaps (e.g. volume threshold)
• Subgraph outputs track high/low for up to 14 active gaps, shifting as gaps fill and new ones form

Forex Factory Events

Downloads the week’s economic events from Forex Factory and displays them on your chart.

Display

• Independent color and font styling for past, upcoming, and current events (strikeout, italic, bold)
• Adjustable font size, event spacing, horizontal/vertical position offsets
• am/pm or 24-hour time format
• Include Forecast/Previous values in event titles

Filtering

• Filter by currency (AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, USD, Global)
• Filter by impact level (High, Medium, Low, Non-Economic)
• Hide past events, show tomorrow’s events (optionally only after a specified time)

Alerts

• Subgraph candle coloring 10 minutes before and at event time for use with Sierra Chart alerts
• Impact marker colors default to Forex Factory colors
• Configurable update and retry intervals

Chart DOM Auto X Hair

Simple study that draws a cross hair line across the chart when hovering over Chart DOM columns (Buy/Bid, Sell/Ask, Price). Order Preview displays a label showing the order that would be placed at the hovered price, including direction and quantity. Optionally shows Trade Lock status.

DOM Graph

A clone of Sierra Chart’s built-in DOM graph with one key difference: Sierra’s DOM graph is tied to the chart’s market depth level setting – limiting the graph means limiting depth for all studies. This study lets you keep full depth levels on the chart for other studies while independently controlling how many levels the DOM graph displays.

Features

• Configurable maximum depth levels (independent of chart market depth setting)
• Bid and ask bar colors with begin/end gradient blending
• Adjustable bar width (in chart bars) and line thickness
• Show/hide volume numbers, volume totals and percentages, spread, and bid/ask prices
• Highlight only the level(s) with greatest volume
• Font source: Chart Text or DOM Quantities/Sizes
• Horizontal offset for positioning

Auto Clear Bid/Ask Volume and Pulling/Stacking Data

Automatically clears DOM volume and order flow data on a schedule or when new bars form. Supports three independent data types: Recent Bid/Ask Volume, Current Traded Volume, and Pulling/Stacking Data.

Session-Based Clearing

• Six configurable session times
• Per-session granular control over which data types to clear
• Sessions 1 and 2 default to your chart’s Regular and Evening session start times

New Bar Clearing

• Optionally clear selected data types each time a new bar forms
• Automatic detection of timeframe changes and chart reloads to prevent false triggers

Note: Clearing Pulling/Stacking Data affects all charts in the same Sierra Chart instance.

Auto Update Order Quantity

Automatically updates the Trade Window Order Quantity based on whether you are flat or in a position. Only changes the order quantity value – does not submit, block, or manage orders.

Auto Quantity

• Separate order quantities for flat and in-position states
• Scale out of position by percentage with configurable rounding
• Applies to all manual orders (buy and sell) regardless of position direction

Virtual Stop Line

• Draws a visual reference line at a configurable tick offset from your entry
• Not an actual stop order – a visual “mindful” stop for manual management
• Configurable line color, width, style, and length
• Optional price label with custom text and background colors

Note: Auto-Quantity and Virtual Stop features can be enabled/disabled independently. Use at your own risk. Always verify order quantities before submitting trades.