The original MS Word file can be downloaded . here Note that the following technical indicators only work with . Direct Market Access Summary The word "amount" in this summary refers to the number of shares for convenience. MBA and MAA The maximum number of shares for a bid to be instantly matched in full amount, for sure in theory, regardless of the bid price, is the total number of shares for all unmatched asks, which is also the ( ). Maximum Bid Amount MBA The maximum number of shares for an ask to be instantly matched in full amount, for sure in theory, regardless of the asking price, is the total number of shares for all unmatched bids, which is also the ( ). Maximum Ask Amount MAA and can also have their respective and , which can help investors decide on a suitable number of shares to open/close long/short positions. MBA MAA K-charts Moving Averages BPT and APT For a bid with a number of shares not exceeding , the ( ) is the lowest price for that bid to be instantly matched in full amount for sure in theory, but larger shares won't have since they can't be matched in full no matter how high the bid price is. MBA Bid Price Threshold BPT BPT For an ask with the number of shares not exceeding , the ( ) is the highest price for that ask to be instantly matched in full amount for sure in theory, but larger shares won't have since they can't be matched in full no matter how low the asking price is. MAA Ask Price Threshold APT APT and can also have their respective and , with the catch that invalid and values should be skipped respectively. BPT APT K-charts Moving Averages BPT APT These indicators can help investors with a predetermined number of shares for opening/closing long/short positions to fine-tune the precise bid/ask price and the timing. BPT and APT Ordering The states that, in , is always greater than for any same or different number of shares of the corresponding bids and asks at the exact same moment, so there are 5 possibilities regarding the ordering among , and the current price: BAPT Ordering Theorem Direct Market Access BPT APT BPT APT, Price < < - This probably means that most bidders and askers expect the price to rise or keep rising significantly for quite some time, so it can point to a solid trend based on strong fundamental improvements or a baseless surge caused by good news coming out of thin air. APT BPT Price = < - This probably means that most bidders expect the price to rise or keep rising significantly for quite some time, but most askers expect this trend to diminish or end soon, so it's better to wait and look for signs of reversal unless it's still obviously undervalued. APT BPT < price < - This probably means that the market has drastically different expectations on the upcoming price trend, so it can be due to the price still under corrections or many important but uncertain signs of reversal being surfaced. APT BPT < price = - Basically, the polar opposite of the "price = < " case APT BPT APT BPT < < price - Basically, the polar opposite of the "price < < " case APT BPT APT BPT BPT Table and APT Table Because a bid with a different number of shares usually has different , a can be used to show all with their corresponding number of shares. BPTs BPT Table BPTs Because an ask with a different number of shares usually has different , an can be used to show all with their corresponding number of shares. APTs APT Table APTs Real-time and can help investors weigh against different combinations of number of shares with the bid/ask price as well as the pros/cons of different timing to open/close long/short positions. BPT Table APT Table Also published here

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Bid And Ask Price Thresholds As Technical Indicators

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Bid And Ask Price Thresholds As Technical Indicators

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Company Mentioned

DoubleX

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THIS ARTICLE WAS FEATURED IN...

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