Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Are you saying that trades occur with only a seller and no buyer? And vice-versa?
Now - of course there is buying pressure & selling pressure, there is aggression which can manifest itself in market orders OR limit orders. There is of course momentum.
Still the fact is that a trade cannot take place without both a buyer and a seller.
With Tradestation, you cannot programmatically identify if a trade has hit the bid or the ask. Therefore the best you can really do is to identify which bars/ticks increased in price and use that volume as buying volume and the opposite to selling. Any greater degree of accuracy is problematic with the Tradestation feed.
So, in reality, the type of microsecond accuracy you are discussing isn't something Tradestation can be used to track.
I am not saying these indicators are invalid, just that you sure are blowing smoke up our rear ends...
Can you help answer these questions from other members on NexusFi?