RE: Buy/sell ratio30 Oct 2024 17:57
Just the dimbo Algorithm used by 3rd party sites like this one, having a bad day at the office, every colour code or Buy/Sell/Unknown label you see is only a BEST GUESS, many trades incorrectly labelled on all shares every day.
Only those involved in each trade , know the truth and labels are ZERO to do with the MM's or Market, they just make and print TRADES , they see all as being both a buy and a sell, hence no labels on the real lse Exchange.
Dimbo Algo , is as basic on 3rd party sites like this one as it comes. Based on what IT sees as it's current mid price and range (does not always keep up with rapid changes either) as long as falls within its range , happy as a pig in muck, sees all as normal.
All above its Mid a Buy (never the case) All below a sell (Ditto)
All exactly on its Mid, delayed trades, or seen outside of its range, chokes = UNKNOWN
Its as simple and tragic as that..........Market offered the simple modern fix, to provide real data at source years ago, chose TRADITION over Tech, all after volume on sites like this one a rehash of the exchange trade with added , trying to be helpful and failing miserably on most shares daily BEST GUESS data, making the stats/ratios also π©most days .