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pitbull74

03/29/05 11:03 AM

#196 RE: newguy13 #193

green = buys, red = sells...you know this from back at the e-trade seminar thomas...pit
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techBear

03/29/05 11:13 AM

#197 RE: newguy13 #193

newguy13, I use a combination of level1 and level2, although not 100 percent accurate, I can pretty much see when there are buys going through rather then sells. If the orders are at ASK and level2 shows the ask side decreasing, I’m pretty sure it's buys .. Vice versa for sells. Also, if I see Buys on the Bid or below, typically the Bid side doesn't budge but increases. I'm sure there is software out there that can better detect buys from sells … I haven’t found any though, so as of now, I'm using my own primitive way. It’s accurate enough for me to make a general assessment


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Slyhunter

03/29/05 11:29 AM

#201 RE: newguy13 #193

Every buy is someone buying from someone who is selling.
They are all buys and they are all sells.