Hi, please can someone explain what WIEGHT OF MONEY indicator is and how to use it. I looked at the help file in the program, and also searched the forum and im trying to figure out its advantage.
(Right click on trend line, in the chart data drop down menu choose Wom)
Oxa says: “Both POM and WOM show you the difference between the amount to back and to lay that bettors offer to each other in a particular market, on a particular selection.
Thus if there are more backers than layers it could indicate that the back price is going to drop very soon (everyone is taking the back offers). And vice versa, if there are more layers than backers, it is likely that the price will be growing.”
On observation, watching the indicator I see a large spike crossing the grey line, then a few moments later – say around 5 seconds the back odds go up. Does that mean then that by watching the weight of money indicator it may show you possibly where the markets going to go before its even happened? ... if so, how would knowing that help?
(Right clicking on selections name) Scalp ladder:
More money on back side = back price will drop soon
More money on lay side = lay price will go up
Thanks, apprecaite it
