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Market depth tools for S/R line confirmation
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3046
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Author:  babalu4u [ Fri Sep 06, 2013 9:31 am ]
Post subject:  Re: Market depth tools for S/R line confirmation

Hi phil_trade,
I am using the indicator for total amount of Bid/Ask volume...
Author:  phil_trade [ Fri Sep 06, 2013 10:19 am ]
Post subject:  Re: Market depth tools for S/R line confirmation

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 ?
Author:  babalu4u [ Fri Sep 06, 2013 2:32 pm ]
Post subject:  Re: Market depth tools for S/R line confirmation

I am developing my first EA for cAlgo.... But for MarketDepth I am stil study how to use this data to implement in EA....
Author:  6y588 [ Fri Sep 06, 2013 3:09 pm ]
Post subject:  Re: Market depth tools for S/R line confirmation

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
Author:  babalu4u [ Sat Sep 07, 2013 6:14 am ]
Post subject:  Re: Market depth tools for S/R line confirmation

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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