Hartle & Flow

TFlow is CQG’s innovative charting style that is color coded to track traded volume at the ask price versus bid price. The high and the low of the TFlow bar is the best bid and ask prices. The TFlow bar is colored green for the percentage of volume at the ask price (buying) and red for the percentage of volume of trades at the bid price (selling). For more information on TFlow, please see the article list.

The chart is using the 5-tick aggregation.

Two days of trading are presented in yesterday’s chart. We see that on the 25^th the sell line (red) of the TFCross dominated most of the day. For the 26^th, the buy line (green) of the TFCross dominated most of the day.

Today, the market gapped down on the open, and sellers dominated, as indicated by the sell line of the TFCross moved above the buy line. Then, buyers came in, but as the price advanced, the running sum of trades at the ask price (the buy line) was heading down, indicating the buying was weak.

This entry was posted Friday, October 27th, 2006 at 9:12 am and is filed under TFlow. You can leave a response, or trackback from your own site.