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Market Delta?


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Market Delta?

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  #1 (permalink)
 chunjr 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Posts: 17 since Oct 2009
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Any users of Market Delta here? It seems that a lot of former floor traders seem to like this program. IMO, the Volume Breakdown indicator is pretty cool. I think it's a good way to follow order flow, along with other indicators. It seems to be less taxing than to follow the tape. One way I'm trying to use this software is that I attempt to watch the order flow at known S&R levels i.e. POC, VAL, VAH, prior day's close, current day's open etc.
If the volume jives with the moves around these levels, I take the trade.

I think there's also good scalping opportunities off of the VWAP & its STDEV. Again, the order flow must confirm the pattern.

Only beef is it's expensive, but I guess you get what you pay for?

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  #2 (permalink)
 Dragon 
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  #3 (permalink)
precisiontruss1
Sacramento, Ca
 
 
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Market delta is very powerful. The trading system I was taught uses it in conjunction with simple indicators it confirms entry and exits. A great way to identify big money flow into the market. Some traders wont trade with out it.

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  #4 (permalink)
Andrew
sea side
 
 
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I'm also more than interested in Delta and tomorrow hope will install that not quite user friendly software
2 cents as usual when pit playing its game order flow could not confirm that while, by chance, pit games reach certain limits which triggers serious order flow.
Just amateur observation, that's why any comments/critics to that will be very appreciated, if any as well as, of course, about Delta, as anyway, it will be silly not bear in mind real market structure and big runs initialization places and process, i.e very simple somebody big enter position and then market run, run in direction of that position, sometimes for a few days, so you can even become slightly swing trader correctly exploring that

Krgds,
Andrew

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  #5 (permalink)
 bt trader 
Limassol, Cyprus
 
Experience: None
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Itís interesting thread of the discussion. It would be valuable if the traders who use Market Delta will share their experience in using it. The Volume Breakdown Indicator has been already mentioned. Some other thoughts would be most appreciated.

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  #6 (permalink)
esharris
leeds, UK
 
 
Posts: 9 since Aug 2011
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MD is the best thing i have seen and can show things no other program can, I live by this program and could not trade with out it,,, I was first intoduced to MD 2 years ago by my mentor, after using trade station for many years with indicators but never made any money,, now with MD and some simple logic trading has become some what simpler..


and less stressful..




Yes the VB is a good tool but for me its the functionality of the profiles that help me see things other program do not and can not with out loads of coding.. just fantastic

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  #7 (permalink)
 Harrison 
Dnepropetrovsk
 
 
Posts: 7 since Apr 2013


bt trader View Post
Itís interesting thread of the discussion. It would be valuable if the traders who use Market Delta will share their experience in using it. The Volume Breakdown Indicator has been already mentioned. Some other thoughts would be most appreciated.

yes, its really intersing thread, but unfortunatelly not keeped in live..
the soft really has very powerfull indis which is not included to other soft.

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  #8 (permalink)
 greg9 
SLC, UT
 
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esharris View Post
MD is the best thing i have seen and can show things no other program can, I live by this program and could not trade with out it,,, I was first intoduced to MD 2 years ago by my mentor, after using trade station for many years with indicators but never made any money,, now with MD and some simple logic trading has become some what simpler..

and less stressful..

Yes the VB is a good tool but for me its the functionality of the profiles that help me see things other program do not and can not with out loads of coding.. just fantastic

Is there a specific way in which you use MD? I did a demo of it for a month but didn't really feel that I got much out of it. What was I missing that was so valuable?

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  #9 (permalink)
 JPJ Trading 
Traverse City, Michigan
 
Experience: Master
Platform: MarketDelta, Ninja Trader
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I am a former floor trader. I traded on The CBOT from 1983-99 and I find MarketDelta Footprint charts very useful.
They are showing you exactly what is trading on the Bid xOffer to the lot and tick in real time.
You can also see what side has an imbalance, which is a HUGE heads up.
JP

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  #10 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
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esharris View Post
MD is the best thing i have seen and can show things no other program can, I live by this program and could not trade with out it,,, I was first intoduced to MD 2 years ago by my mentor, after using trade station for many years with indicators but never made any money,, now with MD and some simple logic trading has become some what simpler..


and less stressful..




Yes the VB is a good tool but for me its the functionality of the profiles that help me see things other program do not and can not with out loads of coding.. just fantastic

I'm trying out MD for a few months. I had looked at the free software with no feed prior. Only a feed and historical data makes sense to look at. The platform and feed is costly to rent. Without DTN Iqfeed, DTNA(historical backdata fed by MD through another service, another fee/month) is required to see historical data past the current session. As the DTNA data "takes over" the rest of the backfill as each day passes. Now I can see why MD is touted so well. It looks amazing and the indicators tools and chart "feels" very precise. Also probably most have realized the base MD is IRT platform with their extra indicators tools and features added. I had heard IRT doesn't have footprint for example, while MD charts does. (I could be wrong as I'm just new to all of it). Easy to set up new buttons on each chart do a wide variety of functions.

I wish ThinkOrSwim had similar tools since the TOS platform has access to a lot of historical data on their servers.

Maybe the best alternative for Ninja is gomi tools and approximate volume tools such as dValueArea volume profile.
Another bid/ask volume tool is eminiwatch.com's "pro/am indicator". Still a mystery how it does it on any aggregation chart (secondary tick OTF dataseries used?) without need for recording that gomi tools does.
And of course Rancho Dinero which I haven't tried yet. There's also Fin-Alg's market profile indicator but my free trial ran out.

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