I think i get what you're saying Ben. You want to guage the number of people selling the stock (dumping it) vs. the number of people buying the stock (eager to have it). In other words, you want to see whether the stock is in demand or not (being bought vs. being sold off).
You can do this by looking at the daily candle chart in E*Trade. The red candles (usually black) indicate that the sellers are selling at the buyers nominated (bid) price (being sold off), whereas the green candles (usually white) suggest that buyers are stepping up to the mark and buying at the sellers 'ask' price, which means that the seller is in control.
Am i right? Can somebody confirm this for me?
View attachment 23463
Green candles (usually white) indicate that the buyers were willing to pay what the seller was asking, therefore, the share was being more heavily bought during this time. This is a snippet of a daily chart.
Not true you can have live data down to sec periods for candle chartsI am aware of candlesticks however these are displayed the next day after trading. I want to know if you can find out this information in real time?
It doesn't really matter. As they were both bought by someone and sold by someone else. How are you going to take any info from that?For example on Etrade in the 'Last 10 Trades' section, if i see, say 10,000,000 @ $0.40, can i ascertain whether this is 10,000,000 shares that have been bought or sold?
The only thing you can take from that is if the price was higher or lower from previous sales. thats what intraday charts are for. 1 transaction in isolation means nothing.
^ hahaha
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