Newbie question: calculate pressure of book! - Traders Hideout | futures io social trading
futures io futures trading

Newbie question: calculate pressure of book!
Updated: Views / Replies:229 / 2
Created: by egarim Attachments:0

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Newbie question: calculate pressure of book!

  #1 (permalink)
Trading Apprentice
trieste italy
Futures Experience: None
Platform: vt
Favorite Futures: fib
Posts: 4 since Aug 2016
Thanks: 2 given, 0 received

Newbie question: calculate pressure of book!

Hi all, I'm getting real time data from my broker through an api interface.

I would like to calculate a simply book pressure indicator by my own (I've got a five level book).

My naif idea to calculate this pressure on the book is:

take the total of bid for each level -> total-bid
take the total of ask for each level -> total-ask
total -> total-bid + total-ask

and then plot a graph for total-bid/total or total-ask/bid every seconds to show who is in control.

In ideal world when ask/bid are balanced the value should be near 0.50 but when buyer or seller are in controll should move toward 0.3 or 0.7 (signal of imbalance buyer/seller).
I'm new to trading so I don't known if there is any indicator to gauge this pressure.
Any suggestions or insight would be appreciated, thanks for help!

Reply With Quote
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

  #3 (permalink)
Elite Member
Manchester UK
Futures Experience: Intermediate
Platform: S5 / Jigsaw
Favorite Futures: NQ/ES/6J&B
Posts: 6 since Feb 2012
Thanks: 4 given, 5 received

Have you taken a look at Jigsaw Trading , it has the ability to show what you are looking for with power meters, plus a whole lot more.

Reply With Quote
The following user says Thank You to One Eyed Shark for this post:


futures io > > > Newbie question: calculate pressure of book!

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)


EasyLanguage ABC's: Mastering TradeStation Programming w/Chris Kaiser

Elite only

Prototyping Python Strategies (part 2: Backtesting) w/Ran Aroussi [special time: 1PM ET]

Elite only

Portfolio Diversification w/Brendon Delate @ Diversify Portfolio

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

Elite only

Similar Threads
Thread Thread Starter Forum Replies Last Post
Newbie question about ATR Schopenbauer NinjaTrader 5 November 12th, 2014 02:14 PM
newbie stupid question!!!! bugsbunny NinjaTrader Programming 29 February 10th, 2011 09:19 AM
Another CrossBelow/Above question from newbie Al2010 NinjaTrader Programming 3 December 4th, 2010 07:15 PM
Newbie Question about Forex jra_020883 Beginners and Introductions 5 March 8th, 2010 06:05 PM
ZN Newbie question NMTrader Traders Hideout 8 July 19th, 2009 09:59 PM

All times are GMT -4. The time now is 07:49 PM.

Copyright © 2017 by futures io, s.a. Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-05-22 in 0.07 seconds with 19 queries on phoenix via your IP