Depth & Sales Power Meters

<< Click to Display Table of Contents >>

Navigation:  Depth & Sales >

Depth & Sales Power Meters

The Power Meter is a visual tool to help gauge the strength of the market.

JIGSAW~1_img87

 

The power meter can be displayed horizontally or vertically. The colors on the power meter match the colors set for the bids and offers on the Depth & Sales.

 

There are three power meters, from top to bottom, in order of significance.

Top (or left) – Shows trades at the bid and trades at the offer. In the above image we can see we have 198 trades that hit the bid (sell market orders) and 333 trades that hit the offer (buy market orders).

 

In the above example, we see white text on red background representing Sell Market orders that have hit into the Bid. We see white text on blue background representing Buy Market orders that have hit into the offer.

 

The Trades Power Meter can either reset manually by clicking the “R” button as well as through reset options available in the Depth & Sales setting screens.

 

Middle – Depth Power Meter – Shows the total amount of bids & offers. The number of bids & offers it sums will depend on the settings. By default it will show the sum of the first 5 levels.

 

 

Bottom (or right) – Snapshot Power Meter – Shows the strength generated by the snapshot column. This is best explained with an example:

 

JIGSAW~1_img88

 

In this example, we can see 44 in red and 71 in blue. The meter is set to analyze 5 levels. On the bid side we can see:

+36  – This 36 gets added to the blue side – adding to the bid is bullish

-5 – This 25 gets added to the red side – a pulled bid is bearish

+4 – This 4 gets added to the blue side – adding to the bid is bullish

+2 – This 3 gets added to the blue side – adding to the bid is bullish

-12 – This 12 gets added to the red side – a pulled bid is bearish

 

On the offer side we see:

-25 – This 25 gets added to the blue side – a pulled offer is bullish

+27 – This 27 gets added to the red side – adding to the offer is bearish

-2 – This 2 gets added to the blue side – a pulled offer is bullish

-2 – This 2 gets added to the blue side – a pulled offer is bullish

0  – No action

 

The red/bearish side consists of 5 + 12 + 27 = 44

The blue/bullish side consists of 36 + 4 + 2 + 25 + 2 + 2 = 71

 

Pulling the offer or adding to the bid is bullish.

Pulling the bids or adding to the offer is bearish.

 

 

The Power Meter can be flipped from vertical to horizontal and back by clicking the “T” button.