Market depth tools for S/R line confirmation

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babalu4u
Trader
Posts: 173
Joined: Fri Apr 13, 2012 6:52 pm
Location: Slovenia - EU

Re: Market depth tools for S/R line confirmation

Post by babalu4u »

Hi phil_trade,
I am using the indicator for total amount of Bid/Ask volume...
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phil_trade

Re: Market depth tools for S/R line confirmation

Post by phil_trade »

babalu4u wrote:Hi phil_trade,
I am using the indicator for total amount of Bid/Ask volume...
Did you use Calgo to trade live ? some review about it ?
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babalu4u
Trader
Posts: 173
Joined: Fri Apr 13, 2012 6:52 pm
Location: Slovenia - EU

Re: Market depth tools for S/R line confirmation

Post by babalu4u »

I am developing my first EA for cAlgo.... But for MarketDepth I am stil study how to use this data to implement in EA....
6y588

Re: Market depth tools for S/R line confirmation

Post by 6y588 »

babalu4u wrote:Hi phil_trade,
I am using the indicator for total amount of Bid/Ask volume...
Is there an equivalent Empty4 indicator?

It would be more useful to have the volume as an oscillator:

Volume Oscillator = Bid / (Bid + Ask)

where 0.0 = 100% Ask Volume, 0.5 = 50% Bid/Ask Volume, 1.0 = 100% Bid Volume
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babalu4u
Trader
Posts: 173
Joined: Fri Apr 13, 2012 6:52 pm
Location: Slovenia - EU

Re: Market depth tools for S/R line confirmation

Post by babalu4u »

6y588 wrote:
babalu4u wrote:Hi phil_trade,
I am using the indicator for total amount of Bid/Ask volume...
Is there an equivalent Empty4 indicator?

It would be more useful to have the volume as an oscillator:

Volume Oscillator = Bid / (Bid + Ask)

where 0.0 = 100% Ask Volume, 0.5 = 50% Bid/Ask Volume, 1.0 = 100% Bid Volume
Mybe some brokers have market deep for Empty4.... but cAlgo have market deep and you can izzly use in code... and you have also real volume indicators not only volume tick from Empty4..
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