Quote from HopelessTrader:
In my opinion there needs to be more.. Maybe if I get around to it.. I will add x amount of slope for y amount of time. then doji.. to see what that looks like. I do agree with the concept of doji.. I mean the "buyers drove price up.. then sellers took it down. .ended in indecision, so then waiting on confirmation. .but theres more to it for example.. what is the dollar doing. whats going on in the bond market.. what instrument am I trading
If you consider going to the next higher level of skilland knowledge in trading, I would recommend the following:
1. Reread the post that are just above revgarding the DOM sides sums.
2. look at how you phrase (from your mind think) statements on best Bid/BestOffer.
3. Determine 1 and 2 contadict.
to move forward mentally and skillfully, consider speaking from a "cause" and not from an "effect".
Your comment "Buyers drove price up" is no possible to use in writing logic or code. Price a dependent variable, is analyzed through the independent variable But tht is not on the table as of now. you have to take a few more steps to get to that level of intellectual concern..
To step out of the trap you have created, first consider the cause of rising price change. THe profound and basic cause is the minority's control that causes price to increase. It is like how a wing works to lift an airplane.
A vacuum of sellers is a surplus of buyers is what causes price to change.
as you see above in poats, the size of the two sume on the bid and ask side is being read improperly. Price moves in the direction of the minority sum. As the balance of equity shifts from equity to imbalance, traders who make money (via price change) keep on the correct side of the market.
When you code up market sentiment and apply it to a display indicator, it takes a lot weaving together of market contexts.
A lot of people think as you do and only make it to beginning intermediate in skill.
you may actually be looking at a display where the platform designer did the sentiment expression and put it on your platform as a highlight indicator. I'll bet it is your bar color indicator that is still screwed up.
the majority does not control the market. Learn this at some point. All of your colleagues agree with you too. this means you are conversing in a mythical place.
MS is also so afflicted but worse.
You have my empathy.