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Date/Time: Tue, 07 May 2024 01:24:10 +0000



Post From: how to see total bid and ask volume for each price of a candle

[2023-06-01 21:10:24]
j4ytr4der_ - Posts: 918
I'm sure it's possible but that would be arbitrary. Why 20 and not 30? 50? 100? 5? You set it to 20 and you miss the trader who splits their 100 lot into chunks of 10... etc. Rather than order size, I'm more interested in total delta at price, and from that I can tell if it's passive limit orders, or aggressive market orders, and by combining that with an overall directional bias, correlation, etc. then I know which way I should be looking to trade and can plan accordingly.

It sounds like you're thinking the right way in general. I think you might really enjoy my talk on Saturday, try to make it if you can. Or just register even if you can't since it will be recorded.