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Showing results for tags 'bid ask pressure'.
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This is a bid-ask pressure indicator for Tradestation trading platform. All credits go out to the author of this indicator from the Tradestation forum alias lleibfarth. Here is a description from his post: Description: This indicator is a smoothed version of the TS indicator Bid & Ask Vol Ratio and works with real-time, intraday charts. The intent is to provide more usable information about the current ratio of bid/ask volume. This indicator will not work on historical data (it must be used during a live intraday market) and is relative to the chart interval on which it is used. I have found this indicator to be most useful in shorter charting intervals. How it works: The data is smoothed using a double-smoothed exponential average that heavily weighs the most recent ratios. This provides a relatively predictable curve (or histogram) that tracks changes very quickly. In addition, a logarithmic ratio is used to provide a zero-line reference (and color change). " Screenshot: 20060726114402BA PRESSURE.ELD
