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Any TradeStation users out there? I have been reading about DOM's, reading tape and order flow here and it appears to be a good tool in addition to reading charts. Tradestations Market Depth and Matrix appear to be that. Analyzing this photo of Market Depth it appears to be a big push down on price coming at 2731.00. Would this be correct? Should I combine this with my observations of price action on the chart? Is this also similar to Jigsaws tool on a lesser form.
Can you help answer these questions from other members on NexusFi?
To the best of my knowledge (at least from year 2009) - the data that TradeStation provides is AGGREGATED - meaning it is not showing "pure" representation of real time book/depth.
Unless things have changed since then - I would resort to other tools
JigSaw is a tool I use. I would also look at "Market Delta" on top of this. There are wonderful free plugins here on NexusFi for NinjaTrader and other platforms.
Volume at Price/ Market Delta - shows you what's happening inside the candle.
