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Indicator That Measures Bid/Ask Spread
Updated July 23, 2022
Indicator That Measures Bid/Ask Spread
July 21st, 2022, 04:33 PM
Las Vegas, Nevada
Posts: 16 since Jan 2021
Thanks Given: 2
Thanks Received: 4
Is there any indicator that can record and plot the bid ask spread of an instrument in a histogram at a lower panel of the chart?
I want to see how much the bid /ask changes on the NANO BITCOIN FUTURE from COINBASE.
It would be cool to place this indicator on a SMALL TICK CHART >> to see how much the bid ask spread changes.
BASICALLY --- JUST LIKE THE VOLUME INDICATOR >>>
Except just display the bid/ask spread per bar.
I guess if we place the indicator on a 1 tick chart it would show the b/a spread per each individual tick.
has this been done already?
Thank you in advance
Can you help answer these questions from other members on NexusFi?
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July 21st, 2022, 05:05 PM
Western Florida
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,172 since Jan 2013
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Hi @OAlejandro314159 ,
I have changed the title of your thread to remove the ALL CAPS, so now it is just "Indicator That Measures Bid /Ask Spread," which is easier on the eyes and doesn't look like shouting.
Please only use all caps occasionally, to emphasize something, but not as a thread title.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
July 21st, 2022, 06:34 PM
Cedar Rapids, iowa
Legendary Market Wizard
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader - Continuum
Posts: 716 since Aug 2009
Thanks Given: 476
Thanks Received: 1,401
OAlejandro314159
Is there any indicator that can record and plot the
bid ask spread of an instrument in a histogram at a lower panel of the chart?
I want to see how much the bid /ask changes on the NANO BITCOIN FUTURE from COINBASE.
It would be cool to place this indicator on a SMALL
TICK CHART >> to see how much the bid ask spread changes.
BASICALLY --- JUST LIKE THE VOLUME INDICATOR >>>
Except just display the bid/ask spread per bar.
I guess if we place the indicator on a 1 tick chart it would show the b/a spread per each individual tick.
has this been done already?
Thank you in advance
Just create a 1 tick chart and add last, bid, and ask prices, use the “Line on close” chart style for each and use 3 different colors.
Be yourself; everyone else is already taken. Oscar Wilde
July 23rd, 2022, 01:43 AM
Des Moines, Iowa
Experience: Advanced
Platform: Ninja Trader
Trading: 6E, CL, Anything that moves
Posts: 559 since Jun 2012
Thanks Given: 733
Thanks Received: 232
I just tried that for a BIT 07-22 chart and that did not work.
Unless I am doing something wrong -- I only get ONE line with NO gap in between to see the the bid and ask difference.
July 23rd, 2022, 09:13 AM
Posts: 3,765 since Jun 2009
Thanks Given: 3,825
Thanks Received: 4,629
OpalDragon
I just tried that for a BIT 07-22 chart and that did not work.
Unless I am doing something wrong -- I only get ONE line with NO
gap in between to see the the
bid and ask difference.
How is it going with another instrument?
Success requires no deodorant! (Sun Tzu)
July 23rd, 2022, 11:31 AM
Des Moines, Iowa
Experience: Advanced
Platform: Ninja Trader
Trading: 6E, CL, Anything that moves
Posts: 559 since Jun 2012
Thanks Given: 733
Thanks Received: 232
sam028
How is it going with another instrument?
Well, I only wanted to check out BIT.
That is the only that matters - since the others are established and have a good stable spreads.
July 23rd, 2022, 01:31 PM
Des Moines, Iowa
Experience: Advanced
Platform: Ninja Trader
Trading: 6E, CL, Anything that moves
Posts: 559 since Jun 2012
Thanks Given: 733
Thanks Received: 232
OK >>>
For some reason it is working now >>>
I don't know why it didn't work last night
Maybe I needed to refresh my data base and restart Ninja Trader
July 23rd, 2022, 02:20 PM
Quebec Canada
Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,176
Thanks Received: 6,020
You can also use the "Order Flow Market Depth Map" indicator:
MNQ 09-22 (1 Tick) BidAskSpread
Last Updated on July 23, 2022