Bid/ask Indicator?

[theman 10]

Hi

 

In tradestation, is there a way to display a indicator that will show you the bid/ask entries.

 

Eotpro, they use it but for multichart, would be great if someone can do it for Tradestation?

 

Many thanks

theman

[thrunner 10]

eotpro is available for the TS platform, in fact Bill is fairly active on the TS forum. A little pricey at $144 per month lease, here is an explanation of the system by Bill:

eotpro

Joined: 20 Dec 2007

Posts: 28

 

Posted: Sun Jan 13, 2008 6:55 pm Post subject:

 

--------------------------------------------------------------------------------

 

I wanted to answer a question I received via PM to a MC user that asked:

 

"What is you trading based on? what triggers you in a trade?"

 

I use these these indicators to watch a few things

 

1. Price is the most important of them all and I use an indicator called the Patty B to trigger me in to the trade. It gives me a red or green dot.

 

2. Volume analysis is the next critical item. I use the indicator called Shelly's volume to help determine the Direction of volume and I want to make sure its moving in my trade direction

 

3. Cycles. I use the indicator called Market sync to help compare short and long cycles in the market to give the bias of the cycles.

 

4. Intermarket analysis. I use other markets to give me a heads up on what the e-minis are doing or likely to do.

 

All 4 of these things need to line up for me in order for me to make a trade. I consider when all these things line up to high probability trade

 

Hope that answers your question

Regards

Bill

[Guest forsearch]

Hi

 

In tradestation, is there a way to display a indicator that will show you the bid/ask entries.

 

What are you really asking for here?

 

Orders resting for the bid and ask? Use the TS order matrix (DOM) to see these.

 

Trades completed at the bid and ask? Use the Bid Ask Volume Ratio indicator in TS.

 

Or try this:

 

Bid-Ask Pressure Indicator

 

 

Hope this helps.

 

-fs

[theman 10]

forsearch

 

Thats what I wanted, is there a way to make it look like an indicator i.e. it gets overlayed onto the price rather then bar graphs

 

Thanks

[smwinc 20]

forsearch

 

Thats what I wanted, is there a way to make it look like an indicator i.e. it gets overlayed onto the price rather then bar graphs

 

Thanks

 

Yes forsearch. Can you also make it cook and iron my clothes for me? Joking Joking...

 

Theman: the nature of this indicator would not make sense overlaid on price.

 

Why would you want it overlaid on price? What exactly do you want this indicator for, if you don't mind me asking?

[theman 10]

Sorry smwinc, maybe its my lack of knowledge, I think it should be ok with the bargraph.

 

Thanks

[smwinc 20]

Sorry smwinc, maybe its my lack of knowledge, I think it should be ok with the bargraph.

 

Thanks

 

no apologies, the only people who aren't learning in this industry are the ones who gave up.

 

Cheers