Bid Ask Chart - Display Delta Values and Volume ImbalancesCompleted
I just wanted to post here for your review and feedback some new features we will be adding to the Bid/Ask Chart Type. In our upcoming release, we will be adding additional selections to the Bid/Ask Chart which will allow you to toggle between Bid Ask Volume, Delta Values and Imbalance. To view these new options:
Set the chart type to "Bid-Ask Volume":
Open the Bid-Ask Chart Settings
In the settings dialog, you will be able to select: Bid-Ask Volume, Delta, or Imbalance
The Delta will show the calculated difference between the Ask and Bid volume:
Imbalance will allow you to set highlighting colors as well as a factor for the imbalance calculation (in the case below it is set to 1.5x's)
Example chart below based on the settings above:
This feature shows very interesting numbers, but how to use these for trading decisions? Will there be any advice?
In 2015 I bought " Order Flow Advantage Course" from Troy Epperson
and could not take any "advantage" of it. He explained exactly how to read the volume inside of candles and what to do wit it, great, except of the results ...
Any plans or handy tips?
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