Trying to see if an indicator for this exists

Discussion in 'Technical Analysis' started by bmoney, Dec 1, 2019.

  1. bmoney

    bmoney

    I was looking for an indicator that could measure volume at specific price points, specifically the bid and ask prices to detect aggressive buyers and sellers in a given market. I’m not talking about level 3 data that shows volume at each price, but rather a more generalized indicator that shows the total number of shares traded at an offer/bid price in a given candle, whatever that offer/bid may be at the time. Does this exist currently on a platform like thinkorswim or tc2000, or is this something I’ll have to build from scratch?
     
  2. ZBZB

    ZBZB

  3. Why not use controlled exits? Like using a higher timeframe and closing at a predetermined time? Like end of week, month, quarter etc..
     
  4. MotiveWave

    MotiveWave Sponsor

    MotiveWave's Volume Imprint study can display the total contracts traded at the bid and ask for each price level.
     
  5. bmoney

    bmoney

    Bookmap is a solid representation of what I’m looking for. Thank you all for the replies!