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hey what's up traders this is a video on the dark pull insights of the flow algo I'm basically going to review the manual on how to read the equity blocks and the late signature blocks flow alga wants to let you guys know that this is just an educational tool trading of any kind has its high risk results rather gains and losses are not responsible if I flow algo late signature orders are basically late dark borders these orders are coming in from the previous day you'll see that the dark quarters the signature orders they're not traded for that specific price on that current day for example that if the market opened at 260 and then you see that the signature order is at 2:59 and the thing is that the open it hasn't touched 259 but it's touched 259 the previous day that means that the order was made on that previous day and it's just finally reported for the current day you can tell a signature order is based on the number of shares for example 501 for the spy 502 503 or 504 any of these signature shares right at the front of the first three numbers you can tell those are late dark borders the QQQ has 410 411 412 413 and then you can see IWM and then the Dow Jones remember the signature orders are only for the fees for ETFs the spy the QQQ iawn and the Dow Jones so what are they basically these signature orders are coming from the Atlantic so anywhere like for example the dax or the foot seif for the British market they don't have to report these orders until the next day so that's why they come in late and then those late orders you can tell that the dark pools they're not traded for that specific day but actually the previous day it's just because of the loophole that allows them to report them late let's take a look at the dark pool inside overview you'll notice that there's two color bands there's a green one there's a red one for the green ones they're basically the dark pools signature orders right below the open so if the open is at 260 then the signature block would be at 259 that indicates some bullishness while the opposites for the red one if the market opened at 259 then the late signature order would be at 260 and it would be in red you do notice that there's some that won't have colors those are not late signature orders those are orders that for that transaction taken within the same day although that they're not signature blocks you should pay attention to these non colored ones because they do offer some insight of where the market could be going the reason why you want to pay attention to the late signature orders is because there's a lot more transactions taking place the versus the non color ones here's an example from the manual on this one there's two signature prints on that same particular day you can see that they're in red that basically means that the signature orders took place above the open right so of course why there in red that's because they took place above the opening price and then you'll also see that there's a red red dot why is there a red dot that's because the red dot means that the Martin the current market it's trading below the signature the signature of late order now if the market pushed above the signature order that means you would still get the red band right but you would get a green dot instead so what that means that there's a possibility of a bullish reversal because they broke above the signature late order you can take a look in this example this chart notice how we got the red band and the red dot the market did not trade above this signature order in this example we get some green bands and a green dot so what that means is that the on the opening price the signature order took place right below now if the market broke below the signature order you would still get a green band but you would get a red dot instead and what that means that there's a bearish reversal because it broke below the signature block so if you take a look at this example right here where we got the green dot and the green ban at this order right here notice how the market traded above the signature block here's what the guy's a flow algos have to say about the signature prints if the signature prints below the opening price then we have an idea that could be a bullish day now if the signature prints above the opening price then it could be a bearish day and the reason is is that the institution's got in a day ahead of time which means that there thesis of the market pushing that particular direction is very high in layman's terms it's bullish above the signature points and then it's bearish below the points on the spy on average you would see nine prints or less and then above average 15 or more and then 20 or more prints for that particular day and this is just for the spy here's an example I took the history for this particular week for the spy on the dark pull prints you can tell the signature prints based on the the number of shares right in the front for example this one right here Fievel - this would be a signature print so for this particular week there was a lot of signature prints for this particular price at 277 89-86 so this would be a late signature print basically the the transaction took place the previous day and then you can see on this is on Friday the signature prints would be colored in green that means if you see a green dot and green band it means that the at the opening price the print took place right below the opening price and then here's an example of what I placed a line just to remember where the seams her prints were so here was on Friday the print took right there at two seventy two seventy seven forty four for this particular print notice how on Friday is trading above the print we would get a green band and a green dot and then for Thursday at this particular price where we got signature prints above the open you would get red red band and then a red dot and you can see that it's it's pushed below the opening price so the open actually the close close below the open while the open for this particular green transactions for the late dark pools you can see that the closed closed above the opening price and here's an example of IWM and you can tell the signature orders is of at 251 that's a signature orders write multiple ones 251 251 right right here and another one right here so anything right here 251 you can tell that's a signature order and then I placed a line for that signature order right here at 156 76 no how the closed-closed higher than the open so let's just go over the overview again remember for the signature prints they need to have a signature share size just like we saw on the spy 501 502 503 504 right those are signature shares there are taking place the previous day like you can see here these things your prints are reported late right because they don't have to report the same day so if you notice the sheer size 501 502 503 you know that it's a signature print which means that you'll see multiple transaction of the same share size and then just to break it down for the late buys and late sells remember the though for the late buys if the market if the transact the print took below the open right that would be a late buy right and then if the print took above the opening price right that would be a late sell so on a high activity day basically on the spy anything more than 15 orders on the spies consider high activity what it means that it's gonna have some sort of continuation day so if you see high activity I'm buying usually you'll see that there's a continuation the next day just as there's high activity of selling you'll see continuation for the next day so what about the dots so just to reiterate the dots now for example here if you get red prints and then a green dot so for example we got the print right at the top and then we have the opening price so the print took place below I'm sorry it took place above the opening price and of course it'll be a red band right and then if the market price breaks above the print price you would get a red band and then a green dot and what that means it's that there's a possible of a bullish reversal that's because it's breaking above the the print price because the print price will typically act as as an area of resistance and then a green prince and a red dot would mean a possible bearish reversal so from what we're seeing here's an example if you got the opening price right here and then you got the print right here and then the market breaks below the print price that would indicate a bearish reversal in layman's term the dot indicator is just basically telling you where the markets trading it's either gonna be trading above or below the signature print price this concludes the video of the flow algal dark pull insights if you have any questions just leave a comment below for any future videos please subscribe and hit the like button