Volume Delta

$149.00

Volume Delta aims to show the difference of orders filled at bid/ask prices which makes it a great tool for order flow analysis. With volume showing the commitment of market participants and price showing where trades are being facilitated, delta shows when market participants are in agreement and price+delta are following the same shape (both have HH/HL or LH/LL) indicating continuation, and when price+delta are not following the same shape (disagreement between participants) indicating a reversal at a key price.

SKU: volume-delta Category:

Description

  • Volume Delta provides several calculation types:
    • Cumulative – displays the delta accumulating over the course of all trading sessions on the chart with the closing price of the previous bar carried over to the open of the following bar. 
    • Session – displays the delta accumulating over the course of a trading session with the closing price of the previous bar carried over to the open of the following bar and resets to 0 at the end of every session.
    • Bar – displays the delta accumulating for each bar.
  • Display as a candlestick, a histogram, or a line.
  • Candlesticks have custom colors for positive/negative close, wicks, and outline.
  • Histograms and lines provides multiple color options:
    • PositiveNegative colors the delta based on value being greater/less than 0.
    • RisingFalling colors the delta based on close up or close down.
    • Solid color.
  • Option to extend the last delta value across the entire panel.
  • Highlight bars with HighDelta and DeltaDivergence. This is could be determined either by setting a “Upper/Lower Threshold” or by setting an “AverageRange” with a multiplier.
  • Swing indicator for price and delta with multiple display options:
    • Draw swing lines on price and delta.
    • Display lines from swing to swing or extend until broken.
    • Highlights Divergence/Exhaustion, which is when the shape of the price does not match the shape of the cumulative delta. These instances can signal aggressive reversals/continuation.
    • Display Divergence/Exhaustion as a line connecting swings or a triangle highlighting the zone between swings.
    • Choose swing pivot type: UseSeparatePivots between price and delta. UsePricePivots uses the price swing pivot bars on both price and delta. UseDeltaPivots uses the delta swing pivot bars on both price and delta.
  • Draw zigzag lines on price and delta.
  • Does not require Tick Replay.
  • Market Analyzer, Strategy Builder, and SuperDOM ready.
  • LifeTime License for 2 computers.

Available for NinjaTrader 8.