Bid-Ask Percent Pendulum to verify Bottoms? - futures io
futures io

Bid-Ask Percent Pendulum to verify Bottoms?

Discussion in Traders Hideout

    1. trending_up 392 views
    2. thumb_up 2 thanks given
    3. group 4 followers
    1. forum 1 posts
    2. attach_file 4 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

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

Search this Thread

Bid-Ask Percent Pendulum to verify Bottoms?

(login for full post details)
  #1 (permalink)
Palmdale, California
Experience: Intermediate
Platform: Amp Futures
Trading: Futures
Posts: 12 since Oct 2021
Thanks: 20 given, 15 received

I developed a technique to watch swings in the Bid vs Ask Percentages and see if there was some kind of pendulum move, where if it went too far one way, it would swing the other way or at least signal a reversal was going to happen. It was tough to visualize, but I created an Excel Chart that would better show the swings between the Buyers and the Sellers.

I split this in the middle at a 50% line. Above the 50% is a strengthening, below is weakening. But what was more interesting was the actual Bottoming out of the trend. When either the Buy or Sell Trend bottomed out and then started to strengthen it gave a possible verification that the trend would continue.

Here are two examples from today, trading CBOT Corn. I use a two minute interval, as five minutes was too long and one minute was too short, but two minutes was about right. I update the Excel Chart as I go along and it has an automatic 50% centering feature, so the trend line stays centered.

Looking at the 0844 AM example, note that the Buy Line (green) bottoms out at 0.243 at 0844 right at the start of the downtrend, then while the downtrend is continuing the Buy Percent increases to 0.2975 at 0846, even while the Candle drops a full point. Then at 0848 you get a good looking candle that might signal a reversal, but... the Buy Percent has now increased to 0.4138 along with the 234 Buys in the Number Bar are indicators that might signal a strong reversal in the trend and make a good entry point.

Compare the Candlestick and the Excel Sheet for 0844 AM and also 1216 was exactly the same. I'll be back tomorrow afternoon to answer any questions or entertain thoughts on this. Just something I'm trying out. Thanks for reading.

Started this thread Reply With Quote
The following 2 users say Thank You to Regis767 for this post:

Can you help answer these questions
from other members on futures io?
strategy builder help
Traders Hideout
Sierra Chart Teton_Denali vs TT Platform
Platforms and Indicators
Asking Wall Street Billionaire for Investment Advice
Psychology and Money Management
CME 2023 Fee Increases (MES +16%!)
Traders Hideout
IKYP - How I solved email troubles on VPS
Best Threads (Most Thanked)
in the last 7 days on futures io
1 Tick from the ES/Per day
18 thanks
What if a broker declare bankruptcy!!! Ftx first whose next?
12 thanks
Want your NinjaTrader indicator created, free?
9 thanks
HFT Algo: anyone doing HFT here?
8 thanks
7 thanks
(login for full post details)
  #2 (permalink)
Experience: Intermediate
Platform: NinjaTrader, MBTDesktop
Broker: Manduca/Rithmic,, e-futures
Trading: ES NG
gdplus1's Avatar
Posts: 34 since Dec 2009
Thanks: 90 given, 26 received

Here is a good thread on footprint:

Visit my futures io Trade Journal Reply With Quote

futures io Trading Community Traders Hideout > Bid-Ask Percent Pendulum to verify Bottoms?

Last Updated on November 20, 2022

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!


Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada),
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