Big Trades Indicator, Orderbook, Time and Sales, Aggregate Trades

Analyze big trades, orderbook, time & sales data to identify initiative, absorption, and rejection patterns using SMC concepts for Nasdaq futures.

Published · Updated · Methodology: SMC

Part of: Volume Analysis

  • Methodology: SMC
  • Content type: indicator
  • Timeframes: Not explicitly mentioned for trading, but indicator settings refer to 'days' of data loading (e.g., 10 days)
  • Markets: Nasdaq (example used in video)

Source video

Decoded from: Este Indicador Me Hizo Quedar Segundo En Los Campeonatos Mundiales De Trading by Pietro Valastro — watch the original

Strategy overview

Order flow tools describe the market from the side of the book rather than the side of the chart: instead of derived averages, they show the resting limit orders, the executed prints, and the size behind each one. This entry is tagged under Smart Money Concepts, but the object it points at is more literal than the usual SMC vocabulary of zones and structure — an orderbook, a time and sales feed, aggregated trades, and a big-trades filter are raw exchange data, not interpretations layered on top of price.

The video comes from Pietro Valastro's Spanish-language channel, and its title — "Este Indicador Me Hizo Quedar Segundo En Los Campeonatos Mundiales De Trading" ("This indicator made me finish second in the world trading championships") — attributes a competition result to the tool. That framing is worth reading carefully: a placement in a trading championship is a claim about one trader's account over one contest period, and it says nothing about which decisions the indicator drove, how position sizing was handled, or how the same tooling behaves outside a competition's incentive structure. The tool is presented as the protagonist of the result; the record here does not establish that connection.

What this entry does document is a configuration detail rather than a signal: the indicator settings reference days of loaded data, on the order of ten. That is a design constraint specific to tape-based tools — order flow accumulates as raw prints, so how far back the data window reaches determines what counts as "big" and what a level's history looks like, while also bounding what the browser or platform can hold. No entry or exit rules, trading timeframes, indicators or chapter markers were extracted from this source, so this page covers what order flow tooling reads and the claim the title makes, not a specified setup.

Topics

big trades indicator · orderbook strategy · time and sales · aggregate trades · smc strategy · ict trading · pine script · tradingview strategy · nasdaq strategy · futures trading strategy · order flow trading · price action

Frequently asked questions

What is the difference between an orderbook and time and sales?

The orderbook shows resting limit orders waiting at each price — intent that has not executed yet — while time and sales (the tape) lists trades that actually filled, with price, size and timestamp. One is what people are offering to do; the other is what they did.

What are aggregate trades and why do big-trades indicators use them?

A single large order often fills against many smaller resting orders, producing dozens of separate prints in a fraction of a second. Aggregating those prints back into one execution keeps a large trade from being counted as a crowd of small ones, which is what a big-trades filter needs before it can flag size meaningfully.

Why does an order flow indicator need a data-loading setting in days?

Order flow tools work on raw prints rather than a compressed series, so the amount of history loaded is an explicit cost. The window decides how much reference the tool has for judging what qualifies as an unusually large trade, and it is bounded by what the platform can hold in memory.

Does a trading championship result prove an indicator works?

No. A competition placement reflects one account over one bounded period, typically under rules that reward aggressive sizing, and it does not isolate the contribution of any single tool. Evaluate an order flow indicator by whether its readings hold up across your own instrument, session and sample — not by a result attributed to it after the fact.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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