I’m learning how to use the API of a trading platform in parallel with learning Python. I want to use the two to start automating some basic analyses, including some metrics about buy/sell orders.
I’ve read that, generally, when there are more open buy orders than sell orders it is an indication that the market is moving up—and when the opposite is true the market is moving down.
My question is if this difference in open buy and sell orders is the cause of market movement, or is it a result of (i.e. the effect) of market movement? A bigger (and more interesting) questions is if determining this information (if there are more buy or sell orders) is useful for performing a fundamental analysis of a particular security?
Submitted June 02, 2021 at 12:51AM by placebo_me_please https://ift.tt/3g2Id8n
