http://www.level3data.com/
Level 3 Data :: BUYING & SELLING PRESSURE
Level 3 Data is real-time volume and spread analysis of raw tick trading data. Valuable trading information is measured and recorded based on where the trade occurred between the bid and ask price. Our proprietary Buying & Selling Pressure Indicator identifies Buying Pressure Exhaustion in stock prices.
The concept behind Level 3 Data is simple - Stock market prices are based on supply and demand, when there is more demand or buying pressure, prices go up and vice versa. Level 3 Data is created raw tick by tick data by analyzing every trade based on the relationship of the traded price to the bid-ask spread to identify shifts between buyers and sellers prior to a change in closing price.
Prices go up when a disproportionate number of trades occurring at the ask side of the spread. The supply of shares at the current price dries up which leads to higher prices.
And prices go down when there are more sellers hitting the bid.
More: http://www.level3data.com/level-3-data.html?id=28
Level 3 Data :: VOLUME & SPREAD RELATED
Buying Pressure: A value is assigned for each share traded at the ask side of the spread based on the value of the spread.
Selling Pressure: A value is assigned for each share traded at the bid side of the spread based on the value of the spread at the time of the transaction.
Spread Analysis: In some respects we monitor whether the spread is contracting or expanding.
HIGHEST & BEST USE
Level 3 Data is best used in conjunction with price data to identify entry and exit signals.
Our data is best combined with price data using with oscillating indicators such as Relative Strength Index, Williams, Stochastic %K and Z-scores which measure the standard deviation of price from its mean.
MORE: http://www.level3data.com/level-3-data.html?id=28
Level 3 Data :: ETF QUANT REPORT
This powerful new data has been optimized for swing trading. You get the benefits of extensive quantitative analysis sent to you every week.
More: http://www.level3data.com/l3d-quant-report.html
