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Date/Time: Fri, 18 Oct 2024 06:16:41 +0000



[User Discussion] - bid v ask meter

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[2015-05-13 14:08:54]
User60518 - Posts: 106
Hi,
Not sure how practical this would be to create or if a tool/study exists.
Is there a kind of gauge that can calculate the bid v ask volume, but not as in volume at price - one that can count each over time - that can be started/stopped or reset when wanted.
for example you go short at 2105.00 on the ES, click start and it draws a kind of horizontal bar chart split between bid & ask and adds up the bid/ask volume? would be a good tool to assist with reading the flow of orders
I have attached a crude picture to better explain.
Thanks

imagebid v ask meter.jpg / V - Attached On 2015-05-13 14:08:33 UTC - Size: 7.83 KB - 586 views
[2015-07-19 14:18:45]
User60518 - Posts: 106
hi Just wondered if there is a setting to show bid v ask volume irrespective of price - could be for a daily chart, hourly etc. or preferably at user specified start/end time.
CHeers
[2015-07-20 01:03:22]
mkata - Posts: 103
If you're interested you can check out OrderFlowEdge under Products.
The have a trade delta gauge that sounds like what you're looking for.


http://ofetoolbox.kajabi.com/sp/26526-non-ofe-members-trade-delta
[2015-07-24 08:16:53]
User60518 - Posts: 106
Thanks Mkata - wondered if there was something already availablein Sierra's studies - or a setting that can be applied to number bars for the same effect?

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