Support Board
Date/Time: Sun, 24 Nov 2024 08:20:08 +0000
Post From: Does SC have an equivalent to the emini-watch indicator, "Better Pro-Am"?
| [2013-10-07 10:16:16] |
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Post #2 is 100% correct. We have pointed out something similar to this several times on this Support Board. It is always concerning when we hear someone say they want to follow the smart money. You will never figure that out and the smart money is not always right. Anyone who tells you, to follow the smart money is not being honest with you even if they can show validity with what they are saying some of the time. It would never be consistent or better than other methods. The main reason you will never figure it out is simply because a large order will match up with many smaller orders. What is the chance of a large order exactly matching up with another order of the exact same size at the right moment in time? It is unlikely. And then there are all the other reasons given in post #2. And if you have a large order match up with another large order, what does it mean? There is both a buyer and a seller. It means nothing. Having said all of this, this is the reason why there are studies like Cumulative Delta Bars-Volume. This provides a much more objective longer-term analysis of buying and selling pressure that does not consider single orders, but uses the volume of all of the trading activity for a period of time Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2013-10-07 10:25:45
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