I'm looking to try and gauge how the accumulated flow of transactions between bid and ask sides on high-votality NASDAQ stocks (measured per second/minute, whatever) might help signal possible direction changes during intraday trading. 1) Am I headed down a dead-end 2) Are there any tools out there for this? (I have searched these forums, googled and contacted eSignal directly, and can find no leads, yet) (I will be using IB, so I believe they MIGHT have the data stream I could use to capture this?) Thanks for any help!
Watch how the stock reacts to the Opening and Pivot Ranges. Is it too weak to test them? Is it falsely strong or weak and likely to reverse after testing them? Or is it breaking out?