Software for identifying bigger buyers

[Gringotts Bank]

How can I scan to find out stocks where larger than average buys are hitting the bid side (and vice versa). I think such things exist for futures markets but what about the asx? (I mean without going through the course of trades manually).

 

[CanOz]

How can I scan to find out stocks where larger than average buys are hitting the bid side (and vice versa). I think such things exist for futures markets but what about the asx? (I mean without going through the course of trades manually).

Well first of all, buyers normally "lift" offers and sellers "hit" bids.

I think VSA or your version there of would be the best way to look for insto interest other than simply watching the tape and depth intraday.

The guys at SMB who trade US equities are using the time and sale, and the depth of sales. They look for icebergs, hunt orders etc. to confirm a trade idea.

 

[boofis]

Well first of all, buyers normally "lift" offers and sellers "hit" bids.

I think VSA or your version there of would be the best way to look for insto interest other than simply watching the tape and depth intraday.

The guys at SMB who trade US equities are using the time and sale, and the depth of sales. They look for icebergs, hunt orders etc. to confirm a trade idea.

Would jigsaw with alerts do the trick Can? I spose you can't do it for every asx stock however lol.

 

[CanOz]

Would jigsaw with alerts do the trick Can? I spose you can't do it for every asx stock however lol.

You might be able to set something up for a basket of stock using the market analyzer in NT. Maybe Amibroker could be programmed but what would you look for? Instos like to hide their activity.

The SMB guys watch a bunch of "stocks in play" each day. Focusing on this handful allows them to increase the odds of insto activity that can move the market.

 

[Gringotts Bank]

It's a wonder no one has created this, because it would be pretty basic to do.

Something like this:

BHP

10 x 20000 orders lifted the offer versus 1 X 30,000 hit the bid. And the rest of the volume is made of millions of guys like me who will make no difference at all, so can be discounted.

But I guess instos will split things up and make it harder to work out. Bot trades are easy to spot. Just got to add them all up!

 

[skyQuake]

It's a wonder no one has created this, because it would be pretty basic to do.

Something like this:

BHP

10 x 20000 orders lifted the offer versus 1 X 30,000 hit the bid. And the rest of the volume is made of millions of guys like me who will make no difference at all, so can be discounted.

But I guess instos will split things up and make it harder to work out. Bot trades are easy to spot. Just got to add them all up!

As you mentioned instos will split things up. A few crappy bots are easy to spot but most bots now are very good at staying invisible!

 

[pixel]

As you mentioned instos will split things up. A few crappy bots are easy to spot but most bots now are very good at staying invisible!

Agree.
In the early days of 'bots, they would be programmed to buy (or sell) a set small number - say 49 shares - every 85 seconds or so. I used a simple tick chart with volume to detect rectangles at the bottom of any volume chart. Check whether the price moves up or down, and Bingo! you knew what was up.

Modern bots are far more sophisticated, using random intervals and fractions of total bids and offers at the time. These days you will also find it's not only big players that split trades into innocuous splinters; now even online traders can employ a 'bot from their home computer to place bids and offers. You never know which trades come from the same account, not even same Broker. Only after T+3 can you figure out whether a broker has been predominantly buying or selling; with the Broker Report in Paritech's Pulse, I can even figure out whether a particular broker has been selling down or buying up. But only after T+3 when the ASX releases broker codes.

 

[nulla nulla]

Agree.
In the early days of 'bots, they would be programmed to buy (or sell) a set small number - say 49 shares - every 85 seconds or so. I used a simple tick chart with volume to detect rectangles at the bottom of any volume chart. Check whether the price moves up or down, and Bingo! you knew what was up.

Modern bots are far more sophisticated, using random intervals and fractions of total bids and offers at the time. These days you will also find it's not only big players that split trades into innocuous splinters; now even online traders can employ a 'bot from their home computer to place bids and offers. You never know which trades come from the same account, not even same Broker. Only after T+3 can you figure out whether a broker has been predominantly buying or selling; with the Broker Report in Paritech's Pulse, I can even figure out whether a particular broker has been selling down or buying up. But only after T+3 when the ASX releases broker codes.

This is good, how do you identify the broker?

 

[pixel]

This is good, how do you identify the broker?

The ASX inserts Broker Codes into the trading records, which I subscribe to from Paritech: http://www.paritrade.com.au/ .
Those codes have 6 characters like
ComSec
NatOnl
CitGlo = Citi Global
PatSec = Paterson Securities
UBSAus, ... you get the drift.

Here is an example, which I sorted by Net Value to see who has been buying and who sold.
I can sort by any column up or down; I can also request the report for any stock over any period.

 

[nulla nulla]

The ASX inserts Broker Codes into the trading records, which I subscribe to from Paritech: http://www.paritrade.com.au/ .
Those codes have 6 characters like
ComSec
NatOnl
CitGlo = Citi Global
PatSec = Paterson Securities
UBSAus, ... you get the drift.

Here is an example, which I sorted by Net Value to see who has been buying and who sold.
I can sort by any column up or down; I can also request the report for any stock over any period.

View attachment 53621

Thanks for this. Is the extract a summary of the days trading across the All Ords or just for one share. Are the ones with "net=0" daily volume the bots?

 

[pixel]

Thanks for this. Is the extract a summary of the days trading across the All Ords or just for one share. Are the ones with "net=0" daily volume the bots?

The attached snapshot is merely an example of the first few columns of that report.
It is requested for one share, but can cover any period.
(The example was the 2-month summary of all trades of a particular penny stock.)

It's not the 'bots I'm interested in. Using a summary will rather eliminate the deliberate confusion and show me what each broker has been up to over a particular period: say, the days before a breakout, or in times of noticeable volatility. For example, if onliners ComSec and ETrade have been buying while UBS, Deutsche, and Citi have sold...

 

[pixel]

current example: PDN last week:

 

[nulla nulla]

Thanks Pixel.

 

[JHarrison]

How can I scan to find out stocks where larger than average buys are hitting the bid side (and vice versa). I think such things exist for futures markets but what about the asx? (I mean without going through the course of trades manually).

As for the stock market, perconaly I did not faced such possibility of scaning. Its possibile to scan for some technical indicators patterns. Its possible to scan stocks for some patters at bigger picture. And if you find interested you pattern, you have look to time and sales where you will find hiiting to certain bid or offer level and price will not not move. At this levels you should look for the edge.