Get "Delta Change" value of the current bar in OF volumetric bars

[cionjay]

Hello amul_shail2020,
I am a beginner scalping trader about (10 months) and still trying to figure out my trading methodology. Thank you for contributing to the community. I have been looking for a system like yours for quite some time and I cant wait to test it.

1) Can you add some screen shots on how you have your data series setup?
2) Can you clarify what the values represent on top and bottom of bars?
3) Can you explain the stacked order imbalance colored bar span? (some are long, some are short)
4) I'm not sure what the text "DI-##'s" are indicating.
5) Can you clarify what small print (25) is all about?
6) What are you looking for when you enter and exit a trade?

Thanks for helping,

[amul_shail2020]

I will try and explain - Please see the screen shot attached with the explanation.
1) First Black arrow -
Delta Change when compared to the previous bar delta -> 60
Current Bar Delta -> 179
Bar Risk Ratio bound High - which is the ratio of top 2 highest Ask volumes -> 2.538
Bar Risk Ration Bound Low - which is the ration of bottom 2 Bid volumes -> 5.067
2) Second Black arrow -
Bar Delta Change compared to the previous bar -> -246
Current Bar Delta -> - 67
Bar Risk Ratio bound High - which is the ratio of top 2 highest Ask volumes -> 1.429
Bar Risk Ration Bound Low - which is the ration of bottom 2 Bid volumes -> 3

Unfilled Red Rectangle - It appears when there are > = 3 Sell imbalance in the bar
Unfilled Blue Rectangle - It appears when there are > = 3 Buy imbalance in the bar

Filled Red Rectangle - It appears when there are >= <Value specified in the 'No of stacked imbalance parameter'> stacked sell imbalance in the bar.
Filled Blue Rectangle - It appears when there are >= <Value specified in the 'No of stacked imbalance parameter'> stacked buy imbalance in the bar.

If you open the volumetric bar chart you can check the values displayed matches for each bar, since the values are pulled using the volumetric bar data series.

Hope the above helps someone to trade better.

[Polufson]

Do you have the finished indicator zip file?

[trymph]

amul_shail2020 ......Pure Genius are you still around? The concept for change in delta of "footprint" is exactly a key in the quest to the end of the rainbow IMHO. Have you thought to incorporate change in delta into a histogram display on a lower panel indicator study? After a very long hiatus I have only just discovered "footprint" Delta and looking for nice visual quick glance display that I believe this type of histogram would provide. I like time 5 & 1 minute basis personally.

<thanks chippy>


P.S. Of course unless we know if the bid/ask volumetric delta affects price a separate UpDown Tick similar delta panel IMHO locks it all in. again IMHO or perhaps a line nominal value of delta UpDown Tick across this panel shown here.

Scalper's disease is not necessarily terminal
trymph