×
Full Guide
Quick Links

Weight of Money

 
This condition allows the automation rule's trigger to be filtered by the weight of money of its selection.
 
The condition ALWAYS uses the lay side of the book, therefore if you wanted to set the condition to test the back side is greater than 90% you would use less than 10% (ie, if the lay is less than 10% the back has to be greater than 90%)
 
The weight of money will be > 50% if there is more money waiting to be matched on the lay side of the selection than on the back side.
It will be < 50% if there is more money waiting to be matched on the back side of the selection than on the lay side.
 
In the screenshot below the condition is set to allow a trigger if the Weight of Money (WOM) is less than 20%; indicating pressure in the market for the price to shorten.
 
 
 
The condition could easily be changed >80% if an indicator of drifting pressure in the market was required.