Is there any way to define an entire runners traded range as an overall percentage so that It can be used in automation.
To expand on that,
let’s say we have a highly competitive group 1 race, where the favorite in that race is trading within a very narrow range of 4 ticks.
Traded Range:
4.1 – 26k Matched = 22.41% of the overall traded range
4.2 – 28k Matched = 24.13% of the overall traded range
4.3 – 30k Matched = 25.86% of the overall traded range
4.4 – 32k Matched = 27.60% of the overall traded range
Let’s say hypothetically the above was the traded range of the favorite.
The overall narrow traded range across the 4 ticks equates to 100% as that is the entire range where the money on the favorite has traded.
And each individual price within the 4 ticks holds a percentage of the traded range, so the larger the money matched at a price the higher the percentage of the range at that price.
Is there a relatively simple way of defining this in automation?
Any help is much appreciated
