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What is an Audit Trail of Stock Trades exactly ? How can we make use of it for checking the efficiency of our Indicators which classify the trades as Buy or Sell Trades ? Any ideas in this regards ?
There are 3 popular Trade Classification Algorithms based on -
tick rule
quote rule
Lee and Ready rule
But how do we know if the trades being marked as Buy / Sell Trades by these algorithms are Correct ?
Thanks
Can you help answer these questions from other members on NexusFi?