Oversold levels and open orders
On this example we see how below the level 1.3000 practically there is not any accumulation of Open orders. In this case we could say that the market is oversold. However as in theory the accumulation of open orders does not track the smart money but only the uninformed traders, any break - out ...Tags: open orders, accumulation, overbought, oversold, Oanda, order flow analysis, market state analysis, order flow levels
3782 days ago
Tags: market state analysis, order flow analysis, Oanda, open orders
3787 days ago
Algo Futures and the WOW index by Carl Weiss
This is a very interesting site. On this site you can monitor the order flow in some markets: SP 500; Gold and Crude Oil. What is this? This is the WOW index. It has been created by Carl Weiss. The Weiss Index or as he call the WoW index monitors the order flow...Tags: market state analysis, wow index, order flow analysis
3897 days ago