Not sure where to ask

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#1 Tue, Jun 14, 2011 - 5:26pm
H8Fiat
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Not sure where to ask

During the day I have a variety of charting tools open to see what's going on. Question I have is when watching volume data, is there anyway to see what the volume is on "sells" vs "buys"? Also, what is happening when you see a massive spike yet no real change in size of "candle"

Help appreciated.

Edited by: H8Fiat on Nov 8, 2014 - 5:16am
Wed, Jun 15, 2011 - 5:32am
Mario
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IB shows sell and buy sizes and order book (also in mobile app)

Fiat, FYI, the desktop platform (maybe also the webbased version) shows the real time volume and sizes of both sides.
You get the realtime data feed for free if you place enough orders (not sure how many required exactly).

It iphone version of the trading platform shows via "book trader" the realtime order book if you have the realtime feed.

what kind of charting tools are you using? I'm still looking for an affordable online/mobile app that gives me realtime volume/indicators/... of SI/GI/... futures in a nice chart overview (IB on my mobile doesn't do that) .

Wed, Jun 15, 2011 - 7:35pm
xaritas
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Level 2 data

I think you are talking about Level 2 data? This would show you the number and range of offers. Obviously selling volume = buying volume, excluding naked short sales.

https://daytrading.about.com/od/daytradingglossary/a/OrderBook.htm

I think most brokerages offer this. For example, Ameritrade does for free if you execute a certain number of trades or carry a minimum. Their subsidiary thinkorswim.com has a client that has some pretty nice visualizations for this data.

It is somewhat privileged information so I don't think you're going to find it for free.

Wed, Jun 15, 2011 - 9:22pm
H8Fiat
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Thanks turdites

Appreciate the added info. Have been looking at Netdania charts

Thu, Jun 16, 2011 - 8:45am
Sockeye
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I am using NetDania charts

I am using NetDania charts also. Nice but kind of limited in a way. No commodities either like Corn and Oil which is discussed here. 

I think I am going to have to pay for a charting service. There is a low cost one StockCharts.com probably does not have the commodities either.

But I do not have an account yet. I am in learning mode. I want to learn before I start throwing money at the problem. That really will not solve the problem of making a profit. 

Every day I learn a little more.

I am almost always wrong. But the fun in life is those few times when I am right.