Here's a prissy example of how the distribution of the NYSE TICK tin assistance you lot position whether buyers or sellers are dominant during the solar daytime session. The candlesticks stand upwards for five-minute TICK values through the day; the middle light-green business is the null business (the indicate at which an equal divulge of stocks are trading on upticks vs. downticks); the bluish business is a moving v menses average of the high/low/close values for TICK.
Note that the five-minute average for TICK stays higher upwards the null business for well-nigh the entire trading session, indicating a skew toward buyers (stocks trading on upticks) vs. sellers.
Much of that skew, every bit noted in the day's Twitter comments, was due to the absence of rigid selling pressure. The endure on light-green business at +800 represents roughly i touchstone difference higher upwards the hateful TICK value; the bottom light-green business at -800 represents about i touchstone difference below the mean. Note that nosotros had numerous positive readings higher upwards +800 (significant buying pressure), simply none below -800.
Where I'm finding Twitter most helpful is every bit a heads upwards for marketplace observations that mightiness otherwise sideslip the notice of short-term traders caught upwards inwards the cost activeness of the stocks as well as instruments they are trading. Knowing that institutions were non participating on the downside was useful inwards trading today's market, keeping traders from overstaying their welcome on the curt side. (Subscription to the Twitter feed via RSS available here).
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