Momentum counter

[maninjapan]

Is there a simple indicator that just show hits on the bid vs hits on the ask?, giving you an idea on who has been more aggressive during day/hour/15 minutes??

 

[jjf]

Quote from maninjapan:

Is there a simple indicator that just show hits on the bid vs hits on the ask?, giving you an idea on who has been more aggressive during day/hour/15 minutes??

Yes, just create an ask ratio of the total volume.

 

[maninjapan]

thanks JJf, Ill give that a try

 

[jjf]

Quote from maninjapan:

thanks JJf, Ill give that a try

there are pitfalls in following the ask ratio.
if you are not already aware of them, run a search or a google to gain more knowledge.

 

[maninjapan]

Will, do. Is it possible to create a filter so that it only counts trades of over a certain size? I try and follow the tape and its easy enough to filter them out on most software, just interested if you could do the same in an indicator.

 

[jjf]

Quote from maninjapan:

Will, do. Is it possible to create a filter so that it only counts trades of over a certain size? I try and follow the tape and its easy enough to filter them out on most software, just interested if you could do the same in an indicator.

depends on your software