BM Study - Bubble colors on bid and ask

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godog
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BM Study - Bubble colors on bid and ask

Post by godog » Thu Sep 24, 2020 11:05 pm

BM GC on Red.png
BM GC on Red.png (178.21 KiB) Viewed 213 times

Seeking understanding
Just working to understand the details of BM order flow.

A large order is placed on the ASK line (red) but the orders shows as RED but the candle shows as Green.  Is this because someone is selling on the ASK?  Typically, buying on the ASK would show a Green bubble and selling on the BID would show a Red bubble (if the bubble color scheme is set to those colors).

Thoughts?

AndreyR
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Re: BM Study - Bubble colors on bid and ask

Post by AndreyR » Fri Sep 25, 2020 10:38 am

Red trade bubble placed on Ask has to do with data quality. Bookmap acquires data from exchanges or data providers (dxFeed in this case). In rare cases it may be insufficient.
Green candle means the price going up in this time interval.

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