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Here are the two views today.
The Activity bars are a built in tool in TS2k They plot the tick volume
that occurs within the price bar at user selected price divisions. When
price drops the Bids outnumber the Asks, and when price rises the Asks
outnumber the bids. The Activity Bar is limited in that it does not
actually plot trade size or bid and ask size, that is unfortunate because
the picture it does paint is limited, but apparantly useful. I've just
begun to look at it the last two weeks and found how limited it is. The
Buyers vs Sellers AB is the one in the chart. Data1 is price, data2 is the
Bid(hidden) and data3 is the Ask(also hidden). Then the AB Indicator plots
a red tick to the left of the bar when a trade goes off at the bid and a
blue tick to the right when the trade is on the Ask. The tick rows will
build and extend out from the price bar as more trades occur at that
specific price. What one might expect to see when price drops to support
are price bars with mostly red on the left and then as support is built
there should be a change over from red to blue(asks). Likewise at
resistance tops the blue will switch to red as the dominant color on the
bar. When in consolidation there is a sort of normally distributed pattern.
That is how I think this activity bar works...could be wrong.
bob
----- Original Message -----
From: "Gary Fritz" <fritz@xxxxxxxx>
To: "BobR" <bobrabcd@xxxxxxxxxxxxx>
Sent: Friday, August 10, 2001 10:49 AM
Subject: Re: [MedianLine] ES 30 min Andrews
> > Before advancing the Andrews to 8/10 date here is a shot updated
> > from last night. Now the thing to look for is the Ask(blue) to
> > start showing up if the Andrews or DGL line becomes support.
>
> Bob, I don't have TS2k and I've never seen the Activity Bars before.
> What exactly am I seeing here? The market depth of bid (red) and ask
> (blue) at any particular price, summed up over time as the bar is
> built? Is it showing the # of cars at the current bid/ask, or the #
> of cars within some amount of the current bid/ask, or what?
>
> Very interesting how often they seem to peak at your channel lines...
>
> Thanks!
> Gary
>
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