Reading a book on writing code for the new Betfair API, I came across a section whereby you can calculate the average traded price, representing the average of all prices, at their respective volumes traded, which had been matched. In one sense this is the most representative price as to any runner's chance in the market, since the average price represents all risk that has been taken. In addition, you can retrieve the highest and lowest prices at which runners have traded to date, in order to get a handle on the trading range.
It sounds an interesting indicator but writing a custom bot well outside my ability. Does Bet Angel have the ability to extract this sort of data? Maybe it does, but I just haven't found it yet?
Average Traded Price
Its know as 'Weighted Average Price' WAP, I don't believe betangel shows it but the algorithm to work it out is very simple.
Betfair actually tell you what the WAP was for each runner at 11am here..
http://www.betfairpromo.com/betfairsp/prices/
(Looks like the site is currently down)
Betfair actually tell you what the WAP was for each runner at 11am here..
http://www.betfairpromo.com/betfairsp/prices/
(Looks like the site is currently down)