The Elite Circle - Buy/Sell Pressure Color Bar
futures io


Categories Help    

The Elite Circle
File sharing for Elite Members only, includes any and all platforms and file types


Entries
Buy/Sell Pressure Color Bar 5 *
A real time only version of this indicator was posted on the Ninjatrader forums by Dave S. in February. Naturally I couldn't resist the temptation to make it work with the GomRecorder.

The bars are colored blue for positive deltas and red for negative deltas. The saturation is proportional to the ratio of delta to total volume. Lighter color bars have lower deltas, and white bars have deltas near zero.

The trades that are counted can be filtered by the Minimum and Maximum Trade Size settings.

It seems to work well on Renko charts, where you can see the balance of power shift at congested areas that become reversals.


Category The Elite Circle 
 
Suggest other entries I might like
Details: Buy/Sell Pressure Color Bar
Category: The Elite Circle 


June 2nd, 2010
Size: 12.88 KB
Downloaded: 1471 times

Keywords: zondor buysellpressure
 


 
Category
 



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.