Support Board
Date/Time: Wed, 27 Nov 2024 03:42:32 +0000
Post From: Can I create automated trading based on imbalances from footprint?
| [2022-04-21 20:05:51] |
| Sawtooth - Posts: 4120 |
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My suggestion is not to create alerts within Numbers Bars studies. It is to return the BVAP and AVAP at a certain price level, so that they can be compared to each other. IOW, you don't need multiple Numbers Bars studies, you need multiple Spreadsheet Formula studies. Use a pair of formulas like this in a pair of Spreadsheet Formula study's Formula fields: =BVAP(C+TICKSIZE*1,0) =AVAP(C+TICKSIZE*1,0) These values will appear in the spreadsheet study's spreadsheet in columns AA and above. Reference them from a Formula Column to compare if one is 3 times the other. Replicate this for each price level, then find the stacked imbalances across all prices. This is the basic concept. |