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


Newbie question: calculate pressure of book!
Updated: Views / Replies:266 / 2
Created: by egarim Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 
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:

Reply



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)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

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 05:08 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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 2017-07-22 in 0.06 seconds with 19 queries on phoenix via your IP 54.166.157.192