Q qtip Jun 13, 2005 #11 Quote from spreadem: It seems to me that when a market moves quickly with with force and strong volume it is exhibiting a greater buying pressure than a market that slowly moves, covering the same distance but over a longer time frame. Now ... how do you quantify that phenomenon? More... Check out this website... They seem to have an indicator that measures the buying/selling pressure which correspond to the support/resistance level. http://www.ftacademy.com/pages/pressure.htm http://www.ftacademy.com/pages/images/pressure.jpg
Quote from spreadem: It seems to me that when a market moves quickly with with force and strong volume it is exhibiting a greater buying pressure than a market that slowly moves, covering the same distance but over a longer time frame. Now ... how do you quantify that phenomenon? More... Check out this website... They seem to have an indicator that measures the buying/selling pressure which correspond to the support/resistance level. http://www.ftacademy.com/pages/pressure.htm http://www.ftacademy.com/pages/images/pressure.jpg
E easyrider Jun 13, 2005 #12 Quotetracker has pressure bars that you can add to the chart to show you the buy/selling pressure. Their indicator page says: Pressure Bars This indicator shows the ratio of the volume of trades going off at ask vs. trades going off at bid for each period of time.
Quotetracker has pressure bars that you can add to the chart to show you the buy/selling pressure. Their indicator page says: Pressure Bars This indicator shows the ratio of the volume of trades going off at ask vs. trades going off at bid for each period of time.
