Advanced Volume Charting - Delta

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dvwooly
Posts: 24
Joined: Fri Feb 07, 2014 10:42 pm

Would it be possible to include Advanced Volume Charting around the concept of Delta.

Delta refers to the net difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume.

Cumulative Delta calculation uses the following formula:

Market Buy Orders – Market Sell Orders = Delta

When this result is a positive value, the buyers are seen as more aggressive and vice versa. Cumulative Delta keeps a running tally which displays a comprehensive historical and real-time view of order flow delta activity.
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