Support Board
Date/Time: Sun, 12 Jan 2025 18:44:35 +0000
Post From: large volume trade indicator scaling
| [2017-02-24 06:16:00] |
| User19165 - Posts: 346 |
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So what you are describing is the need to normalize the volume, so that it's relevant for each time stamp/ period through out the day.
Hi there, I personally have studied normalizing by time of day across the past X days over a decade ago and didn't find to be too good for this recent order flow type of analysis. This is one type of way to normalize and there are others. What I found most useful was monitoring the large volume trading in the recent past. I want to be assessing the tape in the immediate flow, not comparing it to the last X days....Your millage may vary based on your unique ways of generating trade ideas. .................. Thank you for the consideration on this issue, Sierra. |