TEVO Big Trades: large executed trades as bubbles

What the indicator does

1. Size filter. Only trades of at least 50 contracts show (Min contracts), with an optional maximum. The minimum can also be changed from the chart header (Min size menu).
2. Single prints or Aggregated. Single prints = every trade as the data feed reports it. Aggregated = consecutive fills on the same side, with the same time stamp and a price that does not go back, are summed: the aggressive order that swept several levels.
3. Side. At the ask or higher = aggressive buy; at the bid or lower = aggressive sell; in between, the tick rule decides. UpDownTick mode for forex.
4. Bubbles. Area proportional to volume (the minimum size = the smallest bubble), or linear, or fixed; size written inside. Hover = time to the millisecond, size and price; click = pinned tooltip.
5. Markers. Time dots under the chart, last price tag, legend; a LARGE PRINTS table can show on the right (off by default); optional sound alert.

Data and markets

• Mostly futures (NQ, ES, CL, GC…): 50 contracts is a starting point for NQ; adapt the size to your market’s average volume.
• Any timeframe: the bubble sits at the trade’s time and price.
• History is built with Tick Replay or, without it, with a hidden 1-tick series (History source = TickSeries); in real time every trade is added as it prints.

Requirements: what is free and what may cost money

• NinjaTrader 8, a desktop platform for Windows. The indicator is free; NinjaTrader is third-party software with its own terms, and it may cost money depending on how you use it (licence, live trading).
• Market data. Prices, volume and market depth come from your connection (broker or data provider). Depending on the exchange and the subscription, this data may be billed: check your provider’s terms.
• Exact history with Tick Replay. Enable “Show Tick Replay” in Tools › Options › Market Data, then tick Tick Replay in the chart’s Data Series window. Your provider must supply tick history with the bid and ask; the chart then loads more slowly.

Reading example (educational)

Price comes back to the previous day’s low. Two large red bubbles (aggressive sells of 240 and 400 contracts) print at the level, but price does not go lower and a cyan bubble follows just above. You see where big orders hit; whether they were absorbed takes watching what price does next.

Settings

Each setting is named exactly as NinjaTrader shows it, with its default value read directly from the source code (.cs).

1. Big trades

2. Display

3. Large prints table

5. Alerts

6. Trading Evolution

7 colours you can customise in NinjaTrader's Colours tab.

Installation in NinjaTrader 8

1. Download the free pack (ZIP file) that contains the indicator from the Free indicators section of the home page.
2. In NinjaTrader 8, open Tools › Import › NinjaScript Add-On, choose the ZIP file, then restart NinjaTrader.
3. Activate your free license: Control Center › New › Trading Evolution License, then save your key.
4. On a chart, open the indicator list (right-click › Indicators) and add “TEVO Big Trades”.

Common problems and fixes

• No bubbles. The minimum size may be too high for this market: lower Min contracts from the Min size menu in the header.
• No history. Enable Tick Replay, or set History source = TickSeries and reload the indicator.
• The indicator is not in the list. Check that the pack import (Tools › Import › NinjaScript Add-On) finished without an error, then restart NinjaTrader. NinjaTrader compiles every script together: an error in another installed script can block the import, so fix or remove that script. If the tool shows a license message, save your free key in Control Center › New › Trading Evolution License.
• “Already contains a definition” error. An older copy of the same indicator exists under another file name: delete it, then compile again.

Limitations

• The data feed sometimes splits one order into several trades: Aggregated mode joins them by identical time stamp, but cannot rebuild everything.
• A large trade shows executed volume, not the intent or final position of whoever sent it.
• Without bid / ask (history without Tick Replay), the side is approximated with the tick rule.
• No bubble is a guaranteed signal: futures trading involves a risk of losing capital.

Frequently asked questions

Related concepts and tools

• TEVO DOMThe Level 2 order book and Time & Sales.
• TEVO FootprintBid × ask volume inside every bar.
• Order flow guideDOM, Time & Sales, footprint, delta and volume profile: what each tool measures.
• All 15 free NinjaTrader indicatorsThe ICT and order flow tools, each with its documentation.

Other free NinjaTrader 8 indicators

• ICT 2022 Mentorship Model
• Market Maker Models (MMBM / MMSM)
• ICT Silver Bullet
• ICT SMT Divergence
• ICT Judas Swing
• ICT Killzones & Daily Profiles
• ICT Power of 3 (AMD)
• ICT OTE (Optimal Trade Entry)
• ICT Turtle Soup
• ICT Unicorn Model
• TEVO DOM
• TEVO Footprint
• TEVO Cumulative Delta
• TEVO VWAP

Related articles

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