Support Board

Date/Time: Sun, 05 May 2024 04:42:42 +0000

Post From: Huge spikes on Denali offer data

[2019-10-07 17:49:35] Link To Thread - Link To Post [Go To First Post]
9710276 - Posts: 24
Hi guys – original poster here. “Levels” from price is the wrong way to implement a specified bid and offer depth range. It needs to be ticks away from price so that there’s symmetry on each side of price (same distance up and down from price). Price moves, in part, based on this “pressure”, or “imbalance”, in the bid and offer. Without symmetry in bid and offer depth (equal distance on each side of price) there is no way to spot an imbalance at price. This is immensely important to understand – you can’t spot an imbalance at price, by looking at the bid and offer data, if you’re including an unknown amount of resting bids and offers beyond the range specified. That’s why the “range” MUST be ticks not “levels”.