BA to show WOM of 5 ticks up and 5 ticks down

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LondonMade
Posts: 10
Joined: Sun Mar 21, 2021 8:27 pm

I thought of something last night and wanted to hear your thoughts, don't know if this is possible or even worth it really.

When either scalping or swing trading the horses, instead of having the WOM for the whole ladder, would it not be beneficial and useful to know the WOM of only 5 ticks up and 5 ticks down to see where the short movements may be heading.

Having WOM of 80% in one side but having a large sum of money waiting way down is going to be a bit deceiving to then look at WOM to anticipate larger movements over fewer ticks.

Hope that made sense.
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Dallas
Posts: 22674
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

The WOM is not for the whole ladder just the best 3 back and lay prices, which you can configure the weighting of in your main settings area
https://www.betangel.com/user-guide/display.html
LondonMade
Posts: 10
Joined: Sun Mar 21, 2021 8:27 pm

Oh that was easy enough! :)

Thanks for the quick response Dallas.
tryingtotrade
Posts: 36
Joined: Sun Oct 15, 2023 11:34 pm

Dallas wrote:
Sun Apr 04, 2021 11:38 am
The WOM is not for the whole ladder just the best 3 back and lay prices, which you can configure the weighting of in your main settings area
https://www.betangel.com/user-guide/display.html
There doesn’t seem to be an option to factor in gaps in the first 3 prices?
Inplay or low liquidity markets it could be that the 3rd best back price is 10 ticks lower than the best back price, so even if the amount waiting to be matched on the the 3rd best back price is high it shouldn’t matter much but it will still cause a high WOM percentage?
Would there be a way to factor in gaps? Thank you
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