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Can anyone give me some pointers how to correctly analyse the delta divergence seen here on GC.
Is this a good technique for predicting direction on GC? From what I can see here there is no way of correctly analysing this. However I am new to this type indicator.
Any help appreciated. Cheers
Can you help answer these questions from other members on NexusFi?
I suppose the main concept I'm struggling with is if the delta is suggesting 1.absorption or 2. a level of interest level from the market buyer/seller.
For example, in the attached picture, the pullback in the trend down is suggesting positive delta but the price is flat, does this suggest that there is buying interest or could it be that there is absorption from the sellers of market buyers and the price will continue down?.
In this case the price reversed and the former is true however as far as I can tell, at least in this example, there is no way of predicting which way this pullback is going to go.
I want it to measure changes over a certain amount in the Order Flow Cumulative Delta Study.
For example, when the measurement of the High to the Close is over 300, …
and perhaps reading it and asking them would be more advantageous to you.
In your first post you ask if the cum delta was good for predicting price movement in GC. Studying your chart of the first post it does not seem to be. Remember that indicators should only be used to the extent that they help you. (no help - don't use them).
It may be that cum delta is only useful is very special situations.
I could not make out your second image very well and not the timeframe but to your question of too low a timeframe I would imagine delta must be used at a very low timeframe to give info (and perhaps only in a divergence or confirmation sense) but once again refer to threads here at fio by people that use delta in their trading.
Best of luck.
I need some help understanding footprint charts (number bars in Sierra). I hear FT71 talks a lot about it and trepidation briefly described it in his YOLO journal here (
It appears to be an excellent way to guage what is truly going on in terms of …
