Tutorial 5: Market Indicators
How to predict price movements? When back and when lay? All these are critical questions for successful trader. To trade on Betfair you need some more information than offers ordinary betting book. In actuality you need to know more than other traders to be one step forward. In the BetMarket Trader we decided to add unique market indicators which can help you to predict market trends. These market indicators are also included in our Betfair statistics collecting software.
“WoM” is a wide known but still useful indicator. It shows a ratio and difference in offered amounts to back and to lay. When this difference is negative, i.e. there are more on the lay side than on the back side, it means that prices more likely will be shortening. And otherwise if WoM is positive they will be getting longer. To help you to choose the bet type WoM changes its color either to blue (Back) or pink (Lay).
“Matched” is an amount of money which was matched for a given selection. Bellow you can see also a matched percentage comparing to whole matched amount for the event. It can help you to find the most popular trading selection.
“New” displays the amount of the last matched bet on the market. You can see a type of this bet as well. If it was Back the top side of New will be blue, otherwise pink. This indicator is good to see when market players do frequent big stakes which can mean a change in the price movement direction. Bottom part of this indicator shows the ration in back and lay matched bets for the time you are watching this market.
“EMA” shows an exponential moving average for Lay and Back bets on the market. The top part shows an average back stake and bottom shows an average lay liability. You can control the EMA period on the Settings page (by default it is 19).
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