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Direct MessagesDate/Time: Sun, 08 Sep 2024 00:09:42 +0000
buying selling, shorting longing
View Count: 211
| [2024-06-28 15:23:09] |
| SafSaf - Posts: 77 |
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hi support boys, i have a question that's been niggling me for a while and i can't seem to find the answer anywhere. this question isn't necessarily sierra charts related but i don't know anyone better to ask this question too apart from you clever lot... looking at a candle stick on the market profile with a volume bar showing volume of buys and sells.... is there a way i can differentiate between the sell and short and buy and long? i mean what colour does a short show up as at the top of a candleand what colour does it show when the short is exited at the bottom of the candle? I'm thinking when a short is bought it shows as green and when a long is purchased to exit the short, that also shows up as green? please unconfuse me lol Date Time Of Last Edit: 2024-06-28 16:06:39
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| [2024-06-28 16:28:10] |
| John - SC Support - Posts: 34254 |
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We are not really understanding what exactly you are asking. We think that what you may be asking is answered in the sections for "Bid Trade" and "Ask Trade" at the following link: Numbers Bars: Definitions For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-06-28 18:20:12] |
| SafSaf - Posts: 77 |
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i knew i'd confuse you... ok, lets say there's a long green bar and it looks as if it's hit the higher high of the session. when you look at the foot print for that bar, sometimes there are a high volume of green buying going on mixed in with the red selling. it's logical that the seller are selling but why are there so many green positions too. it's obviously not trader buying longs so i'm presuming the shorts are being represented by the green buying. is that correct in your opinion? the same goes for the lowest low of a candle, sometime there is an overwhelming amount of green activity so i'm thinking that's the shorts getting out of their positions right? i'd love to know if there is an indicator ora value i can add to my charts that also shows the volume of people shorting at the top and selling the shorts at the bottom in stead of entering a fresh long |
| [2024-06-28 18:21:11] |
| SafSaf - Posts: 77 |
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simply put, how do i know if buyers are selling at the top of a candle that's due to reverse and it's not the sorters shorting?
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| [2024-06-28 18:42:28] |
| John - SC Support - Posts: 34254 |
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There is not a way to know if a trade is the result of a long or short position.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-06-28 19:07:14] |
| SafSaf - Posts: 77 |
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Ok, on a general basis, when someone takes a short does it appear on the ask or bid side?
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| [2024-06-29 10:18:04] |
| User431178 - Posts: 495 |
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Ok, on a general basis, when someone takes a short does it appear on the ask or bid side? Repeating what John wrote above - There is not a way to know if a trade is the result of a long or short position. You cannot know whether the order action is to open a position or close an existing one. You cannot know whether someone 'taking a short' appears on the ask or bid side. Why? If I execute a sell market order, the trade appears on the bid side. If I execute a sell limit order, the trade (once filled) would appear on the ask side. In both cases I could be into a new short position, but the volume appears on different sides. The buys and sells you see in the profile are showing the aggressor side (market/stop), not the passive side. |
| [2024-07-02 18:44:56] |
| binaryduke - Posts: 366 |
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By learning to read the patterns in the volume at price (footprint) you can start to assess whether aggressive or passive traders are driving what’s happening and then based on context determine what may be happening. Open interest at price would be amazing - I believe it’s available 15 min delayed on MOEX (but who wants to trade that!) but it’s not a thing for us. Date Time Of Last Edit: 2024-07-02 18:45:15
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