Hi all...please forgive me with this question - I am pretty sure its me missing something obvious....
I am consuming the streaming data
I get the Bid_Price, Ask_price,Last_Price, Last_Size data (amongst others)
To determine if that last order placed was a Buy or Sell I am taking the value of Last_Price and if its closer to the Ask_Price than the Bid_Price I am thinking the last trade was a buy.
If the last_price is closer to the Bid_Price I am thinking the last trade was a sell.
Am I making a bad assumption? is there a better way to consume the streaming data and determine Buy/Sell ??
Thanks