Hi everyone, Daxter appears to have a normal chart, the other guy has clearly delayed quotes so his broker is market making. You can tell by the gaps in the volume which shouldn't show.
Daxter's chart shows falling volume bars on rising prices which may be a lack of momentum not to say price won't go higher just anomaly that requires thought.
Pip yours just appears to be pulled too tight but I see a large volume spike with a small spread candle this suggests some kind of insider buying or selling. The next candle would complete the picture. In simple terms what is happening there is price is not changing much but there is a lot of activity indicating another anomaly too much effort and very little result again you must think if this was really just buying then why are we not seeing prices go higher ? And if it was selling then why have prices not gone lower? Simply it is a battle which can be viewed more closely on a smaller time frame.
There is an indicator called VAP only available on a Ninja trader licence that will tell you exactly at what price the volume was most active.
Hope that helped a little...
Market making brokers delay quotes a lot simply because they want to know what's happening before hand but their volume will still reveal the same thing it will just be different and it will likely lag behind the real price changes so the activity may somewhat be played down or over stated but that said all their customers will see same thing and buy at the same time but will almost always be late to enter or exit. That's my thinking anyway.
