I really just got this into usable form and do not have many charts of it as it is not persistent. I think Zondor will have a version of DOM_Bands soon that works in both 6.5 & 7 in conjunction with the GomRecorder
to make the data in this indicator persistent.
The Chart shows that as the market rallied both DOM
bands rose, and the market stalled with this huge supply being chased by huge demand had run its course. After this the Market began a sell-off. A 2nd entry happened when the delta
band touched ask band. Hard to see on this chart. Another interesting thing on this chart is the visualization of a buy-program (or lots
of them) hitting the market & causing a huge spike
on the BSV_Line. This is has been made persistent by Zondor, but do not know when, or if, he has posted it.
Once I get the latest version and start saving data I'd like to post the scenarios this indicator help clarify: The major ones are:
Throw-over - Delta Band crosses the Ask band. Happens when there TotBid >> TotAsk - a sign the market is not going any lower
Throw-under - Delta Band crosses the Bid
band. Happens when there TotBid << TotAsk - a sign the market is not going any Higher
Delta Touch Ask - Running out of people willing to sell at lower levels.
Delta Touch Bid - Running out of people willing to buy at higher levels.
Many times once one of the last two are met the market moves so that the other is touched. Happens clearly in the attached chart.