Volume Delta: Difference between revisions
From MultiCharts
No edit summary |
Dave Masalov (talk | contribs) |
||
Line 1: | Line 1: | ||
===Understanding Volume Delta Chart Type=== | ===Understanding Volume Delta Chart Type=== | ||
Volume | Volume Delta chart type 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 is a red box, the lower is its delta value. The darker is a green box, 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 is a red box, the lower is its delta value. The darker is a green box, the higher is its delta value. All boxes between these extremes are colored respectively. |