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Posted (edited)
Does anyone know how they calculate those ratios above price?

 

Yes, it is the ratio between top 2 levels of offer or bottom 2 levels of bid. For down bar, it will print the ratio at the top (top 2 levels of offer,ratio = (top-1) offer / top offer). For up bar, it will print the ratio at the bottom (bottom 2 levels of bid, ratio = (bottom+1) bid / bottom bid).

Thanks,

Edited by fxus
Posted
Yes, it is the ratio between top 2 levels of offer or bottom 2 levels of bid. For down bar, it will print the ratio at the top (top 2 levels of offer,ratio = (top-1) offer / top offer). For up bar, it will print the ratio at the bottom (bottom 2 levels of bid, ratio = (bottom+1) bid / bottom bid).

Thanks,

 

So lets say a bar looks like this

 

100 200

50 100

200 100

50 50

 

So down bar would be (200 -100) * 200 / 200?

Posted (edited)
great thanks, so the idea is that you want smaller numbers at the top of a move or bottom of the move to show selling or buying is drying up?

 

High ratio (>= 28 or so depends on market )at the top or bottom means exhaustion. Low number at the top or bottom of the move (<= .5) means trapped buyers at the high or trapped sellers at the bottom.

** In addition, a sequential declining of 3 or more levels of offer at the high or a sequential declining of 3 or more levels of bid at the low indicates exhaustion.

Thanks,

Edited by fxus
Posted (edited)

doodlebug

 

thanks but

 

all the extreme values of Market Balance

unfinished auction no working

 

So I ordered this indicator orderflows

 

If someone could share thanks

 

http://content.screencast.com/users/jsolano/folders/Volumen/media/f0fefe8b-c773-4282-a6fc-18e2e8f48e5c/03.22.2016-22.51.png

Edited by kmilo
Posted (edited)

Hi sorry guys I recently had to re-install ninja to get the futures running ,I might not be of much help I also didnt play with it so much

I have searched this forum and found these pages they may help good luck, I am using a few packages but I often have to present legitimate charts with concise info so currently sticking with Gomi 4 with larger font as my eyes suffer :-) good luck link below

http://indo-investasi.com/showthread.php/23980-Market-Balance-amp-TPO-Charts-by-Fin-Alg?highlight=ltmarket

 

 

http://i.imgur.com/yL1j1FV.png

 

http://indo-investasi.com/showthread.php/23980-Market-Balance-amp-TPO-Charts-by-Fin-Alg?highlight=ltmarket

Edited by doodlebug
Posted (edited)

Oh I just installed it to see the problem I put them all in inc range etc and nothing appeared, will it does its called Market balance at the top of the list and it has its own menus inside Doo (actually I might have to tinker with it again as the menu switching is firn) as for un finished I set the outpit to Bid/Ask Ladder and things appeared fine Doo

I hope this helps

http://i.imgur.com/ogKpTPY.png

Edited by doodlebug

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