Volume Delta: Difference between revisions
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==Understanding Volume Delta Chart Type== | |||
[[File:VDChart1.png|right|VD]] Volume Delta (also called Footprint Chart) provides price and volume activity together on one data point over a specified time frame. It allows traders to see "within" the price bar to provide more transparency over a traditional chart. | [[File:VDChart1.png|right|VD]] Volume Delta (also called Footprint Chart) provides price and volume activity together on one data point over a specified time frame. It allows traders to see "within" the price bar to provide more transparency over a traditional chart. | ||
A bar is divided to equal parts based on minimum price increments for the symbol. Each box shows ask and bid volume in one of the three ways: ask x bid values, ask and bid sum or their delta. | A bar is divided to equal parts based on minimum price increments for the symbol. Each box shows ask and bid volume in one of the three ways: ask x bid values, ask and bid sum or their delta. | ||
There are 2 base colors: red and green. A box is green if delta of ask and bid volume is positive. A box is red if delta of ask and bid is negative. All boxes within 1 bar are not the same in terms of color. The darker a red box is, the lower is its delta value. The darker a green box is, the higher is its delta value. All boxes between these extremes are colored respectively. | There are 2 base colors: red and green. A box is green if delta of ask and bid volume is positive. A box is red if delta of ask and bid is negative. All boxes within 1 bar are not the same in terms of color. The darker a red box is, the lower is its delta value. The darker a green box is, the higher is its delta value. All boxes between these extremes are colored respectively. | ||
==Selecting Volume Delta Chart Option== | |||
# Open the '''Format Instrument''' window by one of the following methods: | # Open the '''Format Instrument''' window by one of the following methods: | ||
#:* Click the '''New Chart Window''' [[File:New_Chart.png]] icon on the Main toolbar; or: | #:* Click the '''New Chart Window''' [[File:New_Chart.png]] icon on the Main toolbar; or: | ||
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# Click '''OK''' to create a chart. | # Click '''OK''' to create a chart. | ||
==Setting Volume Delta Chart Style (Up, Down, Buy Volume, Sell Volume)== | |||
# Open the '''Format Instrument''' window by one of the following methods: | # Open the '''Format Instrument''' window by one of the following methods: | ||
#* Click the Format Instrument icon on the Chart Analysis toolbar; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: | #* Click the Format Instrument icon on the Chart Analysis toolbar; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: | ||
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# To use these style settings for all new charts of this type, select '''Use as Default''' check box. | # To use these style settings for all new charts of this type, select '''Use as Default''' check box. | ||
==Auto Trading Orders on Volume Delta Chart Type== | |||
Intra-Bar Order Generation is supported on Volume Delta chart type. Bar magnifier is not supported. | Intra-Bar Order Generation is supported on Volume Delta chart type. Bar magnifier is not supported. | ||
To learn how Intra-Bar Order Generation on Volume Delta Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]] | To learn how Intra-Bar Order Generation on Volume Delta Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]] | ||
===Backtesting=== | |||
There is no difference in order generation between Regular and Volume Delta chart types with regards to backtesting. Though visually a regular chart and volume delta charts are completely different, technically they consist of the same OHLC bars. | There is no difference in order generation between Regular and Volume Delta chart types with regards to backtesting. Though visually a regular chart and volume delta charts are completely different, technically they consist of the same OHLC bars. | ||
===Order Generation in Data Playback=== | |||
There is no difference between order generation on Regular and Volume Delta chart types with regards to data playback. Only As Is type of [[Data Playback]] is available] for volume delta chart type. | There is no difference between order generation on Regular and Volume Delta chart types with regards to data playback. Only As Is type of [[Data Playback]] is available] for volume delta chart type. | ||
===Real-Time Simulation=== | |||
There is no difference between order generation on Regular and Volume Delta chart types with regards to real-time order simulation. | There is no difference between order generation on Regular and Volume Delta chart types with regards to real-time order simulation. | ||
===Auto Trading=== | |||
There is no difference between order generation on Regular and Volume Delta chart types with regards to Auto Trading. | There is no difference between order generation on Regular and Volume Delta chart types with regards to Auto Trading. | ||
