Discussion of article "Developing stock indicators featuring volume control through the example of the delta indicator" - page 5
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What does this have to do with one market participant? It doesn't matter to us. What is important is that market professionals when they see a herd rushing in one direction (and if they are not in this herd) - they will try to turn the market after strong movements - they will try to "divorce" the crowd, take money from it, bring it to stops and make money themselves.
Professionals gain a position with limit orders mostly, here it makes sense to look at how much 1 point of price change costs in lots.
If the movement is random, it will reverse itself, as the volume of random participants will disappear.
By the way, one more variant that can be seen with the help of delta is how stops are removed. I.e. when there is a short-term exit beyond the previous market extremum and a quick return back.
I partially agree about the stops, I think brokers use it, either selling this information or using it themselves.
And there is no direct correlation between delta and volume. Volume can be huge and delta = 0. Simply delta cannot be more than the traded volume.
That's why I made a percentage ratio for myself, it just shows how much the deviation was without taking into account the volume.
What does it have to do with the history? It's all about the peculiarities of indicator recalculation. As far as I remember (it was explained in SD a long time ago), an indicator has a cache. When this cache does not coincide with some stored value, prev_calculated becomes = 0. And a full recalculation of the indicator takes place. As I understand, this is exactly what happens when the market closes. That is, there are operations that affect this cache! But after that it is impossible to load the tick history at once. So the indicator waits for the tick history to arrive and at the moment when it receives it, the indicator will be calculated.
When you click the refresh button, you reset prev_calculated to 0! And you start the full recalculation of the indicator.
It is easier with ordinary, non-tick, single-timeframe, single-symbol indicators - there the calculation is instantaneous, because all the data for calculation are instantly available. With ticks the data is not always available.
I have such an effect on other indicators, so I thought that you know the exact reason why this happens.
That's why I made a percentage ratio for myself, it just shows how much deviation there was without taking into account the volume.
This is why this article was written, so that interested users could take the indicator and modify/adjust it to suit themselves.
That is why this article was written, so that interested users could take the indicator and modify/update it to suit themselves.
Well done, thank you.
And, it would be very interesting to see the market profile by prices - let's say with depth of X minutes with quantisation in 10 points, is there any desire to make such a thing?
Right?
Right?
Yes, visually it looks expected!
Only, it seems that you don't have an association, but information on each item - so it seems from the picture.Yes, visually it looks expected!
In general, on our market, using ticks and the glass, you can do very cool things. What is on the screenshots is not the limit. Only a small part.
Only, it seems you don't have an association, but information on each item - so it seems from the picture.
No association of what? My (side) indicator collects the same delta, only horizontal. From the beginning of the day. It is commonly called a horizontal profile. Pitch of the lines = pitch of the instrument price.
No association of what? My (sideways) indicator is collecting the same delta, only horizontal. From the beginning of the day. It is commonly referred to as a horizontal profile. Line spacing = instrument price spacing.
Yes, I'm just saying that it's interesting to look not at the price step, but at 10 steps or something else.
And the period should be arbitrary, from an event or strictly by time/in bars.In general, you can do very cool things on our market using ticks and the glass. What is on the screenshots is far from the limit. Only a small part.
Well, I don't understand yet what can really be done.....