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Scalping_My Way with ACV
- Thread starter VSTscalper
- Start date
Quote from scorpion:
charly, where on their is he mentioned? thanks
http://www.viperspeedtrader.com/
Hello I have exported my trading pad into Excel. Can you explain to me what the columns labeled LEVEL are that go horizontal.(pictured below)?
My main reason for exporting to excel is so that I can get the ACV Ratio on the DOM. What are the calculations to achieve the ratio?
Thank you!
My main reason for exporting to excel is so that I can get the ACV Ratio on the DOM. What are the calculations to achieve the ratio?
Thank you!
Attachments
I thank you all for discussing this topic...I find it very interesting. I have come to some of the same conclusions about watching the DOM. I believe that most people dismiss what they see on the dom as people playing games because it is hard to understand why the market goes up when there appears to be more sellers...but I have similar theories to what some of you have come up with...
to make it simple...pretend there are a total of 100 market participants...and at any given time, there are 50 buyers and 50 sellers...
so if all the buyers put their buy orders up...the only way for trade to occur is if the sellers hit their orders...and that will cause the market to go down...
now as the market goes down...those buyers will cover buy selling again...and this will go on again...until all the buyers eventually give up...then the market goes up...
I liken it to the experience we all have had...that you tried to buy the thing...and as soon as you get out, it goes up...
Anyway, I am a programmer myself...I am posting a chart I made...this is with esignal data...I programmed this in c#. It is a graph of the bid/offer data...the ratio, etc...
I agree that like with anything else, you cannot just blindly trade it. That will get you crushed...but at times, and in conjunction with other things I look at, I find it to be a very useful tool.
Hope that helps...
Eric
to make it simple...pretend there are a total of 100 market participants...and at any given time, there are 50 buyers and 50 sellers...
so if all the buyers put their buy orders up...the only way for trade to occur is if the sellers hit their orders...and that will cause the market to go down...
now as the market goes down...those buyers will cover buy selling again...and this will go on again...until all the buyers eventually give up...then the market goes up...
I liken it to the experience we all have had...that you tried to buy the thing...and as soon as you get out, it goes up...
Anyway, I am a programmer myself...I am posting a chart I made...this is with esignal data...I programmed this in c#. It is a graph of the bid/offer data...the ratio, etc...
I agree that like with anything else, you cannot just blindly trade it. That will get you crushed...but at times, and in conjunction with other things I look at, I find it to be a very useful tool.
Hope that helps...
Eric
Attachments
Hi Nissane,
Nice chart. The second pane where you have red and blue lines, I am not sure what you display there. Bid/Ask relationship will change many times during 100 ticks bar, which particular moment during the bar you display there? Or is it an average that was captured during 100 ticks?
Also, just curious how do you calculate pace of change, sine it involves properly measuring T&S orders with orders being cancelled in DOM? Both will cause price change. I am actually struggling with properly calculating this myself. If we set DOM aside for a moment, pace of change is easily measured by high â low divided by # seconds in a bar.
Thanks,
redduke
Nice chart. The second pane where you have red and blue lines, I am not sure what you display there. Bid/Ask relationship will change many times during 100 ticks bar, which particular moment during the bar you display there? Or is it an average that was captured during 100 ticks?
Also, just curious how do you calculate pace of change, sine it involves properly measuring T&S orders with orders being cancelled in DOM? Both will cause price change. I am actually struggling with properly calculating this myself. If we set DOM aside for a moment, pace of change is easily measured by high â low divided by # seconds in a bar.
Thanks,
redduke
Great minds .....
Kospi, IB data feed, Java.
2nd from bottom plot is the number of contracts at the ask (5 levels) divided by total contracts in book (both bid and ask). Bottom plot is the same thing smoothed.
Notice the "divergence" as market bottoms. This is a typical pattern.
Each bar is 10 IB "ticks" wide.
Kospi, IB data feed, Java.
2nd from bottom plot is the number of contracts at the ask (5 levels) divided by total contracts in book (both bid and ask). Bottom plot is the same thing smoothed.
Notice the "divergence" as market bottoms. This is a typical pattern.
Each bar is 10 IB "ticks" wide.
Quote from nissane:
I thank you all for discussing this topic...I find it very interesting. I have come to some of the same conclusions about watching the DOM. I believe that most people dismiss what they see on the dom as people playing games because it is hard to understand why the market goes up when there appears to be more sellers...but I have similar theories to what some of you have come up with...
to make it simple...pretend there are a total of 100 market participants...and at any given time, there are 50 buyers and 50 sellers...
so if all the buyers put their buy orders up...the only way for trade to occur is if the sellers hit their orders...and that will cause the market to go down...
now as the market goes down...those buyers will cover buy selling again...and this will go on again...until all the buyers eventually give up...then the market goes up...
I liken it to the experience we all have had...that you tried to buy the thing...and as soon as you get out, it goes up...
Anyway, I am a programmer myself...I am posting a chart I made...this is with esignal data...I programmed this in c#. It is a graph of the bid/offer data...the ratio, etc...
I agree that like with anything else, you cannot just blindly trade it. That will get you crushed...but at times, and in conjunction with other things I look at, I find it to be a very useful tool.
Hope that helps...
Eric