Agreed, moonshot bids for $20 coins don't really count. I keep meaning to create an index that divides each bid/ask by the % distance from the current MMR. I think it would be much more insightful. I just can't square the maths to adjust for the fact that bids only differ by 100% but asks can be many 1000% higher. Anyone know how to properly adjust for that?
Simple, just base it on the logarithm of the price.
Thanks, but I think I've got it now. It's simpler than that.
One re-bases the order book so MMR is 1. lets call it $125. A $100 dollar bid at $10 dollars gets weighted by 0.08. An equally weighted ask of $100 would be priced at $1562 (the price at which current MMR represents only 8%.)
So who do I need to beg for historical daily snapshots of the full depth API?
https://bitcointalk.org/index.php?topic=88054
I'll pitch in half the 200btm if you share it with me.
As an aside; I can't help but feel I'm re-inventing the wheel here though. Brokers have had Level 2 data for years, why don't we have common TA indicators for depth like we do for Volume and Price. Am I missing something? Is this kind of thing common in CFA textbooks?
I suspect that brokers have exclusive access to certain information(s) in traditional markets, such as live changes to the order book. So my guess is that there is quite a lot of reinventing of the wheel by competing brokers, because this elitist group are all in competition with each other and there's no incentive to share.
NIKKEI wall observer thread 
edit: I agree with Miz4r. NIKKEI 225 is not bitcoin, niothor. 7% swings are not routine; in fact, they are quite alarming in the current market environment. Bitcoin behaves like a penny stock so it's OK to pass off huge swings by saying "Oh it's still higher than it was a month ago." The NIKKEI is what we call a "real world market" with "big boys" and "real companies" and "real exchanges that don't suck"
Not as simple as just ignoring a 7% dump like we can do with bitcoin.
edit: I agree with Miz4r. NIKKEI 225 is not bitcoin, niothor. 7% swings are not routine; in fact, they are quite alarming in the current market environment. Bitcoin behaves like a penny stock so it's OK to pass off huge swings by saying "Oh it's still higher than it was a month ago." The NIKKEI is what we call a "real world market" with "big boys" and "real companies" and "real exchanges that don't suck"
Not as simple as just ignoring a 7% dump like we can do with bitcoin. I've often thought about how much brokers in traditional markets are applying their TA to BTC. Probably not too much ATM. I can't say I dislike BitcoinAshley's description of BTC as a penny stock! We're very much in the infancy of BTC.
