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Here is my first attempt at his bid pressure indicator. I coded up something and had no idea if it'd work. Since this only works real time one has to let it run for a while before trying another setting. So i'd like to get feedback and then I can make some changes and post them. Again this is just a starting point, I only spent a few minutes on it and then let it run.
top: price with better volume show me to highlight low volume bars
2nd: volume (free better volume indicator from emini watch)
3rd: buy sell pressure (this uses volume at bid & ask):
4th: Tradestation bid/ask volume ratio (this is built-in, I found it while searching the help for bid/ask information)
5th: buy sell pressure 2 - this uses the actual trades:
Let me know if you have other ideas for the algorithm and I'll try them. I'm relatively new to this bid/ask stuff.
Ran my volume splitter on Friday and posted the chart here with some observations. I'm still not convinced there is an edge but I did find some interesting things on the chart:
Looks like interest in the thread is dying out, I suspect asking people to make some effort was too much for most. But that's good because it means those that are still here and participating are motivated. Learning to use volume is hard work. …
Hi Big Mike
Do you still have the link to the men tioned indicator? When I try to open your link, I receive an error message. See the attached image
Emanuele67