How to use Ticker Streamer to InvestJanuary 13, 2021
At a glance:
- POEMS Ticker Streamer helps traders quickly determine selling and buying pressure on a counter.
- It provides real-time order execution of counters in your watchlist, giving you clues on what other traders are doing and at what price.
- Trades are represented by red (sell) and green (buy) triangles.
- Bright triangles indicate a new bid/ask is cleared. Dark triangles indicate the price is still at the previous bid/ask.
Reading time: 6 minutes
Investors and traders rely heavily on data to make trading decisions. While there are many trading tools out there that provide valuable information, there is also an increasing amount of “noise” that makes it difficult for traders to sift out the most vital information.
A tool that can help traders break data into digestible bite-sized information and process it more quickly is Ticker Streamer. Read on to learn how you can determine selling and buying pressure on counters in your watchlist using this tool to aid your trading decisions.
What is Ticker Streamer?
Humans are visual creatures. Most of us process information based on what we see and Ticker Streamer is designed precisely for that.
Ticker Streamer provides real-time order executions of counters in your watchlist. Basically, this tool is the visual representation of our Time & Sales tool. Similar to Time & Sales, it tells you when a trade is done, except that every line is now represented by a triangle.
Just by looking at the triangles’ colours, traders are able to determine the buying and selling pressure on counters. This makes it an ideal tool for those looking for aggressive trades. Not only does it allow you to track intraday market movements at a glance, it also gives you clues on what others are doing and at what prices.
How to use Ticker Streamer to invest?
The information above is meant for illustrative purposes and is not a recommendation to buy, sell or hold the securities. Figures are current as of December 2020.
Ticker Streamer reflects the trade details of all counters in your watchlist. You can easily add or remove counters within this tool. Adding or removing counters will not affect your POEMS Watchlist. Interested in trades of a significant volume? Simply use the Volume Filter to change your display criteria.
To utilise this tool effectively, you would first need to understand what the triangles and their colours represent.
In Ticker Streamer, each triangle represents a trade done in the market. You can easily tell if the trade done is on the BID or ASK price by looking at the colour of the triangle. A green triangle symbolises a trade done on a ASK price, or a buy transaction. A red triangle symbolises a trade done on a BID price, or a sell transaction.
You will notice there are two shades to each colour – dark and bright. Dark indicates that a trade is done on the BID or ASK price, which is represented by a dark Red or Green triangle respectively. Bright Red or Green triangles let you know that a particular trade has cleared the remaining volume on the BID or ASK price, respectively.
Need more information on the trades done? You can view trade details by hovering your mouse cursor over a specific triangle.
To help you better understand how this tool works, here’s an example of how you can interpret the trade details.
In the above illustration, you can see that a buy order of 1,900 Nanofilm shares was placed at S$4.43. At 16:59:49, it cleared the remaining volume on Ask at S$4.43, thus forming a new Ask price at S$4.44. This transaction is represented by a bright green triangle to inform traders that a transaction has been done on the price asked and the quantity on that price has been cleared.
Along with the colour of the triangles, you may also want to refer to the frequency and speed of it to gain trading insights and gauge the market direction. For example, multiple bright triangles could signal that there are transactions huge enough to move the market (i.e. more bright green triangles would likely send the market on an uptrend).
Fret not if you cannot remember the meaning of all the colours. A legend is available beside Price Ticker for your quick reference.
Tip: Interested in trades of a significant volume? Simply use the Volume Filter to change your display criteria. This can be used to identify indications of genuine demand.
Want a quick overview of the Ticker Streamer tool? Watch this video: https://youtu.be/yZ66Q0o0624
Where can I find Ticker Streamer on POEMS?
1) Go to Tools tab
2) Select Ticker Streamer
1) Expand the toolbar if you are unable to find Ticker Streamer
2) Select Ticker Streamer
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