Follow the Buying and Selling with TradeFlow
TradeFlow 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 TradeFlow bar is the best bid and ask prices. The TradeFlow 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 TradeFlow, please see the article list.The chart is using the 5-tick aggregation.
Wednesday’s trading was up and down. Initially, there was a gap up opening, but traders hit bids. We can see that when the running sum of trades at the bid (the red line) from the TradeFlow
Volume Cross (TFCross) study climbed above the green line, which is the running sum of the trades at the ask price. The market then turned mixed, but sellers took charge again driving the market to new lows for the day. Then, some light buying came in. Going into the close the market was mixed as both lines in the TFCross study tracked each other.Today, traders bid the market up, and the TFCross buy line (green) rose above the sell line, but did not climb higher. Then sell line (red) jumped up as sellers came in.