I would just would like to get some opinions on the merits of having a system that automatically totals the about of shares on offer, 6 levels deep on the buy side as opposed to the same on the sell side. As in you can add up LIVE the totals of either 3, 4, 5 or 6 market depth levels of say BHP, CBA, WBC, NAB, ANZ combined presented as one total, and compare it with the same on the other side giving you a plus or minus figure.
I have been trialing the finished product for a week with promising results, but very early days.
So a live figure counting the total buyers coming in as opposed to the sellers.
I know traders look at depth and try to estimate the bids compared to the sells across many stocks in their head, but that does my head in.
Any comments would be greatly appreciated