Quote from jack hershey:
This is a good way to pick off partial fills on big money and the frequency of the fills.
WRT indexes, you can also see several other things including the above. Namely, you get to see how to trade (with partials fills) at multiples of the market's capacity. Premium drift is a consideration as well. As the drift gets to a certain point there is a scaling in partial fill characteristic. Tuning the volume setting afforts a good way to look closer, especially at settlement times.
Small retail is not a consideration but you can use gating and feedback loops to make adjustments in "when" to look for "what". Using count down clocks).
The focus is more on laterals @ testing S or R than in thin markets (midday laterals.
It was interesting to see and I could see the potential use but the last couple months, (you know me the silly Support/Resistance guy) trading these oscillations have been like shooting fish in a barrel. I hate Intraday Trading but I love volatility . . .
I am an addict . . . my name is Bill and I have an addiction.
Today was just wrong. 97 point swing in the ES and 933 on the YM . . . zippity do friggin da!