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Indicator That Measures Bid/Ask Spread


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Indicator That Measures Bid/Ask Spread

  #1 (permalink)
OAlejandro314159
Las Vegas, Nevada
 
Posts: 16 since Jan 2021
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Is there any indicator that can record and plot the bid ask spread of an instrument in a histogram at a lower panel of the chart?

I want to see how much the bid /ask changes on the NANO BITCOIN FUTURE from COINBASE.

It would be cool to place this indicator on a SMALL TICK CHART >> to see how much the bid ask spread changes.


BASICALLY --- JUST LIKE THE VOLUME INDICATOR >>>
Except just display the bid/ask spread per bar.

I guess if we place the indicator on a 1 tick chart it would show the b/a spread per each individual tick.


has this been done already?

Thank you in advance

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  #2 (permalink)
 
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 bobwest 
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Hi @OAlejandro314159,

I have changed the title of your thread to remove the ALL CAPS, so now it is just "Indicator That Measures Bid/Ask Spread," which is easier on the eyes and doesn't look like shouting.

Please only use all caps occasionally, to emphasize something, but not as a thread title.

Thanks.

Bob.

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  #3 (permalink)
 
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 Tasker_182 
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OAlejandro314159 View Post
Is there any indicator that can record and plot the bid ask spread of an instrument in a histogram at a lower panel of the chart?

I want to see how much the bid /ask changes on the NANO BITCOIN FUTURE from COINBASE.

It would be cool to place this indicator on a SMALL TICK CHART >> to see how much the bid ask spread changes.


BASICALLY --- JUST LIKE THE VOLUME INDICATOR >>>
Except just display the bid/ask spread per bar.

I guess if we place the indicator on a 1 tick chart it would show the b/a spread per each individual tick.


has this been done already?

Thank you in advance

Just create a 1 tick chart and add last, bid, and ask prices, use the “Line on close” chart style for each and use 3 different colors.

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  #4 (permalink)
 OpalDragon 
Des Moines, Iowa
 
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I just tried that for a BIT 07-22 chart and that did not work.

Unless I am doing something wrong -- I only get ONE line with NO gap in between to see the the bid and ask difference.


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 sam028 
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OpalDragon View Post
I just tried that for a BIT 07-22 chart and that did not work.

Unless I am doing something wrong -- I only get ONE line with NO gap in between to see the the bid and ask difference.



How is it going with another instrument?

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  #6 (permalink)
 OpalDragon 
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sam028 View Post
How is it going with another instrument?

Well, I only wanted to check out BIT.

That is the only that matters - since the others are established and have a good stable spreads.

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  #7 (permalink)
 OpalDragon 
Des Moines, Iowa
 
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OK >>>
For some reason it is working now >>>




I don't know why it didn't work last night

Maybe I needed to refresh my data base and restart Ninja Trader

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 trendisyourfriend 
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You can also use the "Order Flow Market Depth Map" indicator:


MNQ 09-22 (1 Tick) BidAskSpread

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Last Updated on July 23, 2022


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