Breaking of resistance with persistent liquidity

Market data, Trading, Technical support, Features requests, etc
ingyukoh
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Breaking of resistance with persistent liquidity

Post by ingyukoh » Fri Dec 27, 2019 3:20 am

support/resistance flip

  Persistent liquidity in heatmap provides clear support in bids and resistance in asks.
 Sometimes  persistent liquidity is  pierced through large trade volume.  
 I want to formulate quantitative measure of failure of support/resistance by
 1. flux(number of up trades /unit time @ resistance)
 2. added(subtracted) liquidity /unit time @ resistance
 
Indicators based on order flow and trade show the probability of breaking resistance can be extremely helpful.
I would experiment construction of "likelihood of breaking of support/resistance" with bookmap api .

fibdax
Posts: 24
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Re: Breaking of resistance with persistent liquidity

Post by fibdax » Fri Dec 27, 2019 1:24 pm

It could be done ?

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