Buying vs. Selling Volumes

[skyQuake]

Re: Buying vs Selling Volumes

I just realised that Trembling Hand will probably come back and say "that's 10,000,000 shares that have been bought and sold"!

But, you wanna know whether the buyer or seller determined the price . I really just wanted an excuse to use that emoticon :

Yep, so basically you want to know whether buyers are hitting the ask, or sellers are hitting the bid. They have it as TICK in the US but as far as I know, Aus doesnt have anything close, some prop might sell it but never have caught a hint of it.

 

[Surly]

Re: Buying vs Selling Volumes

An interesting question and something i try to work out when watching the last trades screen.

Is the buyer or the seller the offscreen party?

I look forward to any answers.

cheers
Surly

 

[Greg71]

Re: Buying vs Selling Volumes

I have wondered about this also. If anybody knows what this means, please explain.

On the chart, BHP had an up day, yet is the leading "Sell". Anyone know how to interpret this?

 

[Wysiwyg]

Re: Buying vs Selling Volumes

Yep, so basically you want to know whether buyers are hitting the ask, or sellers are hitting the bid.

With a live `course of trades` it can be seen whether the bid is hit or the ask is hit but I don`t know how to work out if the days action was bearish, neutral or bullish, apart from a chart candle, OHLC etc.

I don`t know of any platform that indicates whether each specific trade was a buy or a sell.They just indicate the transaction (s) took place.

 

[Trembling Hand]

Re: Buying vs Selling Volumes

I have wondered about this also. If anybody knows what this means, please explain.

I know nothing much about Commsuc but is that just stats on Commsucs transaction? Not the overall market.

 

[MRC & Co]

Re: Buying vs Selling Volumes

With a live `course of trades` it can be seen whether the bid is hit or the ask is hit but I don`t know how to work out if the days action was bearish, neutral or bullish, apart from a chart candle, OHLC etc.

I don`t know of any platform that indicates whether each specific trade was a buy or a sell.They just indicate the transaction (s) took place.

VSA will show you a similar picture which you can use EOD.

Volume, spread (also known as range of the bar), and close. Add in gaps and where abouts the bar is in context of the chart. Approaching resistance or support? How much effort (how much volume hit the market and how large was the spread?), and what was the outcome (where did it close?). If you get a lot of effort with a good outcome (can also be a gap) over resistance or support then you are looking good. If volume was extreme, watch out for the gap turning out to be an exhaustion gap and professional money distributing into that quick buying foray by the retailers. Large marbuzos etc can also see the same outcome. This is where it is important to see price get on with it, or at least form a consolidation pattern with decreasing volume on or above the support or resistance line.

IB shows whether the bid or ask was hit on equities. Just like it does with futures.

 

[JackJackJack]

Re: Buying vs Selling Volumes

The demand index - as found in Metastock and probably quite a few other charting programs.

 

[Greg71]

Re: Buying vs Selling Volumes

I know nothing much about Commsuc but is that just stats on Commsucs transaction? Not the overall market.

When I log into my account, that is on display. It's nothing to do with my portfolio, just a general info. thing.

I don't get it, how can a stock be a higher sell? What puts it into the sell column as opposed to being in the buy column?

 

[Panacea]

Re: Buying vs Selling Volumes

I don't get it, how can a stock be a higher sell? What puts it into the sell column as opposed to being in the buy column?

Newbie guess...

Hypothetically, there are 10 sellers each selling 10 shares. A buyer places an order for 100 shares. The stock has been sold 10 times and bought once. IE, a greater number of 'sells' than 'buys'.

 

[MRC & Co]

Re: Buying vs Selling Volumes

on or above the support or resistance line.

This should be on or infront not above. Above for resistance (looking for longs), below for support (looking for shorts).

 

[Trembling Hand]

Re: Buying vs Selling Volumes

It says "Comsucs most popular stocks"

Its just commsucs transactions. Has nothing to do with the overall market. It just means that a lot of Comsucs customers have sold today

 

[nomore4s]

Re: Buying vs Selling Volumes

When I log into my account, that is on display. It's nothing to do with my portfolio, just a general info. thing.

I don't get it, how can a stock be a higher sell? What puts it into the sell column as opposed to being in the buy column?

Greg71,

This is purely commsucs stats.

Meaning more of commsecs customers where selling BHP but not buying them. Obviously the buyers were comming from different brokers.

A pretty useless lot of stats imo, who really cares what commsec customers are buying or selling as they are only part of the market.

lol, TH beat me to it.

 

[Greg71]

Re: Buying vs Selling Volumes

That makes sense.

Thanks.

 

[skyQuake]

Re: Buying vs Selling Volumes

Greg71,

A pretty useless lot of stats imo, who really cares what commsec customers are buying or selling as they are only part of the market.

Oh I dont know about that... Commsuc is pretty much pure retail crowd, taking an opposite view may yield some good results

 

[tech/a]

Re: Buying vs Selling Volumes

Lets look a bit closer at buy sell volume
How can we tell if high volume is buying OR selling?

Believe it or not its pretty easy!

 

[fimmwolf]

Re: Buying vs Selling Volumes

I would say that is sellers volume as there's nothing on the chart to indicate a reversal

 

[fimmwolf]

Re: Buying vs Selling Volumes

I guess it could also be people shorting the stock as well (is that technically buying ??)

Either way, wether they are buying short positions or panic selling long positions, the result is the same.

 

[tech/a]

Re: Buying vs Selling Volumes

I would say that is sellers volume as there's nothing on the chart to indicate a reversal

So then your saying people are selling the stock in this high volume bar.

Is the bar then a sign of strength or weakness

 

[fimmwolf]

Re: Buying vs Selling Volumes

hmm......shorter range on the last bar. Maybe the down-trend momentum is dying

Still closed lower though

 

[Trembling Hand]

Re: Buying vs Selling Volumes

Tech what is the date for that large volume day??

Very important you are not confusing shifting of the furniture for a thunder storm.......