The Reconstructed Tape study is the centerpiece of Sierra Trading’s Order Flow Suite—designed for traders who want to see beneath the surface of price and track the real behavior of aggressive participants, large players, and liquidity shifts.
This isn’t a traditional volume tool. It’s a custom-built order flow engine that rebuilds trade data into actionable structure, helping you identify momentum ignition, slippage, and institutional intent with clarity and speed.
Get a clean, de-noised view of trade activity. This feature rebuilds raw market prints into custom bubbles based on user-defined volume thresholds, aggregating significant transactions—like sweeps and large block trades—into a readable format.
Track how much price moves as size trades. Slippage lines help quantify aggression, showing you whether buyers or sellers are paying up—or getting absorbed—at key levels.
This component plots a rolling view of net delta over time, revealing pressure buildups and real-time shifts in control.
Pinpoint where size matters. The Volume Levels tool draws horizontal visualizations of volume clusters, highlighting price levels with meaningful trade concentration.
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