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Engineered is now operating as Stack Signal. The team and the Pulling & Stacking Indicator are unchanged.

The Pulling & Stacking Indicator by Stack Signal

See the order book change, event by event.

The Pulling & Stacking Indicator by Stack Signal decomposes the raw order flow (every resting order stacked or pulled, every aggressive execution) into one normalized signal you can read at a glance. On Bookmap. See what changed from version 2 to version 3.

Get it on the Bookmap Marketplace
Wide hero: Bookmap heatmap with the flow panel below it, cyan Total Flow surging above the Resistance band, readout at +4.2σ (5m)

A technical indicator based on order flow

Raw volume tells you what was already traded. Flow shows what the order book is doing now: liquidity stacking up at a level, or quietly pulling away from it. We find that useful context next to price; it is not a forecast.

One signal, two components

Every market event is decomposed exactly, without smoothing, filtering, or repainting.

Total Flow

Passive book changes plus aggressive executions: the headline.

Passive Flow

Resting liquidity stacked (+) or pulled (−) across the book.

Aggressive Flow

Executed volume delta (buys − sells), the classic tape delta.

Total Order Flow = Passive + Aggressive

Exact on every event. New in 3.0: Placement Flow, which is Passive minus Aggressive, the orders placed and cancelled with executions taken out.

Annotated cross-section: three flow lines over five minutes, callouts reading 'bids stacking', 'sellers hitting', 'the net of both'

The order flow signals you get

1

The sigma (σ) readout: order flow in a unit that compares across markets

Raw order flow in contracts is meaningless across symbols and sessions. Every number is normalized against its own trailing band, so “+4.2σ” means the same thing in a quiet overnight session as at a busy open, and it ports to any instrument with an order book. The defaults are a starting point. Instruments differ in pace and book depth, so adjust the window, depth and band to suit the market you trade.

Close-up of the readout: 'Total Flow +4.2σ (5m)' above the 2/3/5/10m ladder
TOTAL FLOW+4.2σ(5m)
2m +1.8σ
3m +2.4σ
5m +4.2σ
10m +1.1σ
2

The multi-window ladder: burst or campaign?

Four windows (2 / 3 / 5 / 10 minutes), side by side, each colored by what the reading means: green when bullish, red when bearish. A spike in the 2-minute cell that the 10-minute cell ignores is a burst. All four cells lit the same color is a campaign. In our view, persistent vs. transient is the distinction that matters, and the ladder shows it at a glance.

Two ladder captures side by side, left labelled Burst, right labelled Campaign
Burst
2m +3.4σ
3m +0.6σ
5m +0.4σ
10m +0.1σ
Campaign
2m +2.1σ
3m +2.6σ
5m +3.1σ
10m +2.8σ
3

Support & Resistance bands: when flow is stretched

The ±3σ band of the line you trade from (Total Flow by default, or Passive or Placement Flow), sized from that line, drawn as Resistance (upper) and Support (lower) lines. Flow tagging the band is statistically stretched against the last 25 to 50 minutes of its own behavior, context you would otherwise have to keep in your head.

Bands are context, not trade calls.

RESISTANCE +3σSUPPORT −3σ
4

Independent buy & sell lines: see both sides

Watch buy-side and sell-side flow as separate lines instead of only their net. One side going vertical while the other flatlines is a very different market than both rising together, and the net alone can’t tell you which.

Choose the Buy / Sell line mode to plot the two sides as they are or with executions taken out.

5

The deep-book warning: top of book fighting the deep book

When the top of the book and the deeper book disagree, the indicator shows a deep-book warning. Treat it as a reason for caution rather than a signal. The indicator computes the signal twice, at depth 1 and depth 10, and warns when they fight. It is a caution flag, deliberately not an entry arrow, and a top-of-book-only tool cannot compute it.

Readout panel with the orange warning line '! TOP OF BOOK FIGHTING THE DEEP BOOK' beneath the ladder
TOTAL FLOW+2.9σ(5m)
2m +1.8σ
3m +2.4σ
5m +4.2σ
10m +1.1σ
! TOP OF BOOK FIGHTING THE DEEP BOOK
6

Absorption vs. initiative: book against tape

When the book stacks bids while the tape sells into them, that’s absorption. When book and tape lean the same way, that’s initiative. The indicator labels the state as context, not as a signal; we tell you plainly which parts of the product rest on research evidence and which don’t.

TOTAL FLOW+1.4σ(5m)
2m +1.8σ
3m +2.4σ
5m +4.2σ
10m +1.1σ
ABSORPTION, book leaning against the tape

New in 3.0

Choose the line you trade from

Pick Total, Passive or Placement Flow as your core line. The Resistance / Support band is sized from that line, and the arrows, the console and the alerts read it. Change it at any time; the band follows.

The band stepping where the core line changed from Total to Placement Flow

Arrows on the price chart

When the line you trade from crosses outside its own band, an arrow marks it at the price: green pointing up, below the price, when the crossing is bullish, and red pointing down, above it, when it is bearish. A note is added to the console, with the reading in sigma.

Bullish (green) and bearish (red) arrows on the Bookmap heatmap, with the lines crossing their bands in the panel below

One console for every instrument

Every instrument the indicator is loaded on, in one window: the headline, the four-window ladder, the state of the book against the tape, a log that adds a line when that state changes, per-instrument alerts and global notifications. Each tile names the line it is reading.

The Pulling & Stacking console with BTC-USDT, MSFT and ES futures

Your readings in your own tools

An optional local data API serves every line, its sigma and its band as JSON to programs on the same computer, with an optional API key. It is off by default and cannot be reached from another computer.

{
  "apiVersion": 1,
  "indicatorVersion": "3.0.21",
  "platform": "bookmap",
  "time": "2026-10-14T09:31:05",
  "instruments": [{
    "symbol": "ESZ6",
    "stale": false,
    "line": "Total Flow",
    "headline": "Total Flow +1.2σ (5m)",
    "windows": [{
      "minutes": 5,
      "total": 5494,
      "passive": -3353,
      "aggressive": 8847,
      "sigma": 1.2,
      "warm": true
    }]
  }]
}
Example response, shortened. The values are illustrative, not market data.

Chart images. The chart images on this site show the indicator's display on market data, to explain what it draws. They are not trading results or trade recommendations, and the risk and hypothetical performance disclosures above apply to them. We publish no trading performance. The full text is on the disclosures page.

It tells you when it doesn’t know

When the indicator does not have a reliable reading, it says so.

TOTAL FLOW--(5m)
2m --
3m --
5m --
10m --
WARMING UP 62%, BAND NEEDS 25 MIN

WARMING UP 62%, band needs 25 min

Until the statistical band is fully seeded, the indicator says so instead of plotting garbage that looks plausible.

TOTAL FLOW--(5m)
2m +1.8σ
3m +2.4σ
5m +4.2σ
10m +1.1σ
STALE, LAST EVENT 09:41:07

STALE, last event 09:41:07

A dead data feed can look like quiet flow. The indicator greys out the reading and shows the time of the last event.

TOTAL FLOW+4.2σ(5m)
2m +1.8σ
3m +2.4σ
5m +4.2σ
10m +1.1σ

Never filtered, never repainted

The indicator reflects the raw stream. What you see at the close is what it showed live.

Three-state strip: WARMING UP (grey, percent), STALE (orange, timestamp), and live (coloured lines), side by side

FAQ

Read the documentation→

Yes. The indicator measures the order book itself, so a depth feed is required.

No. Values are computed per event from the raw stream and never revised.

No. It is an analytical indicator; warnings and states are context. Nothing it displays is financial advice.

Any instrument with a live order book; the σ normalization makes readings comparable across symbols.

The current release is 3.0.21 and is available on the Bookmap Marketplace. Updates are announced in the indicator.

Order flow decomposed into one normalized signal. On Bookmap.

contact@stacksignal.com
ProductOverviewPricingBookmap MarketplaceContact
DocumentationStart hereSignalsStates & alertsSettings referenceUpgrading from 2.x
ForWho it is forBookmapOrder-flow traders
CompareComparisonsVolume deltaVolume profileOrder-flow add-ons
LegalPatent markingPrivacy policyDisclosures

Risk disclosure. Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

The Pulling & Stacking Indicator is an analytical tool. It does not provide investment advice or trade recommendations, and nothing it displays is a signal to buy or sell.

Hypothetical performance disclosure. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Chart images. The chart images on this site show the indicator's display on market data, to explain what it draws. They are not trading results or trade recommendations, and the risk and hypothetical performance disclosures above apply to them. We publish no trading performance.

Virtual currencies. Some chart images show cryptocurrency instruments. View CFTC advisories, as they contain more information on the risks associated with trading virtual currencies.

© 2026 Stack SignalDesign protected by U.S. Design Patent Nos. D1,099,944 and D1,100,945

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