Block transactions are transactions that are of a significantly high value. This can be a transaction of any security that is large enough to have an impact on the market price and cause a flow-on effect of investment that will ensue.
Block transactions are significant because the party who initiated the transaction is likely to be more confident than the retail investor. Confidence can be assumed by the value of the transaction and the source can be either,
a) an institutional fund with access to detailed and reliable information or b) a party with secret, insider knowledge that is currently undisclosed to the market.
For these reasons, being aware of block transactions is extremely important for anyone looking for a new investment opportunity or risk management of current holdings.
Block Transaction Utility
This indicator is compatible with instant E-mail and SMS notifications so that the investor will be well informed of institutional activity and make trading decisions quickly.
If a block transaction occurs, the user will be able to visualize whether it was a purchase or sale as it will be textualized above or below the current bar if used with the Block Transaction Buy Alert found here:
Input Values
The visual representation of the transactions are customizable as you can adjust the shape, color, and location by clicking “Format” at the top left of your chart, next to the indicator label.
Setting up Text message or E-mail Notifications
In order to receive the text message and/or email alerts, you will need to make sure the correct contact information is saved in your TradingView® account settings.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.