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Smooth/Squiggly line on tick chart

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Market Wizard
Birmingham UK
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: TST/Rithmic
Favorite Futures: YM/Gold
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isaacsu View Post
Most obviously, it is the vendor's spread varying either from the bid-side or the ask-side, but is there more that I could derive from this? e.g. traders hitting the bid or the offer?

I think you have successfully answered the question with the chart - it does appear to help identify likely areas of higher interest and, just like anything to do with bid/ask/delta/volume, it will not tell you the resulting direction in advance, only that a significant decision might have been made there on one or more timeframes.

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