There is the bid size and ask size from IB system.
Bid : that a buyer is willing to purchase at that bid price
Ask : Ask size is the amount of a security that a company is offering to sale
If bid sizes are higher than ask sizes, then there may be a high demand for the stock.
So, I checked the current bid ask and see that :
Stock No. Bid size Ask Size
(Buy side) (Sell side)
--------- ---------- -----------
2319 306,000 2,000 strong demand
27 12,000 241,000 strong supply
1928 25,600 60,000 more on supply
The gap is so big and it indicated 2319 has lots of demand, but 27 has lot of sales.
As the market is close now, so, this may not be correct now. Better to check
before market open again.
Will this be a good indicator for the price trend in the coming day?
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