Virtual Pit is a software that utilizes IB data feed to provide real-time updates on the market's activity, allowing traders to identify transaction size and whether it's a buy or sell order. It notifies users through sound alerts and can be accessed even when away from their trading desk.
With its extendable sound library, the Trade Tones software notifies you about the size of single transactions, and most importantly, whether the action is a Buy or Sell. As a trader, you can miss valuable moments in the market, but this software ensures that you don't miss out on anything important.
The software comes with additional features such as the graphic equalizer. This tool visualizes all market activities, which can be useful for reviewing the history of tick trades. Along with this, the color-coded Time & Sale window helps in quickly recognizing the transaction's location. You can identify whether the transaction has occurred on the Bid, on the Ask, between the Bid-Ask or out of the Bid-Ask.
The Trade Tones software also provides essential trading statistics, such as the Color-coded Volume distribution chart-window. This window shows the Buying/Selling pressure distributed by transaction size, giving you a better understanding of the market.
Lastly, the Advanced/Declined Volume ratio provides information about market volatility, enabling you to make informed trading decisions. Overall, the Trade Tones software is an excellent tool for traders who want to keep up with the ever-changing market, even while they are away from their trading desk.
Version 2.0: N/A