The buy/sell ratio also takes into account orders placed at ridiculous levels i.e. say a sell on DYL at $0.90 (for example) when we all know that it is not going to get to that level in the immediate future. Therefore, these type of orders are irrelevant as they do not impact on current bidding at market levels. The ratio would be relevant taking into account all buy/sells around current market levels +/- some variance i.e. 10 - 15% for buy / sells either side of the current market level.
So is it relevant as displayed? Not accruate enough in my opinion.
is the buy sell ratio relevant, page-7
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 (20min delay)
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Last
$1.22 |
Change
0.015(1.24%) |
Mkt cap ! $1.182B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.27 | $1.22 | $7.259M | 5.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19168 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| DYL (ASX) Chart |