Discussion of article "Developing stock indicators featuring volume control through the example of the delta indicator" - page 6

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Aleksey Vyazmikin:

Yes, I'm just saying that it's interesting to see not the price step, but let's say 10 steps, or something else.

That indicator is still only a prototype... it can only plot price steps.

 
Aleksey Vyazmikin:

Well, I don't see what can realistically be done yet.....

  • Delta vertical;
  • Delta horizontal (profile);
  • Cluster chart;
  • Large trades/large traded levels on candlesticks;
  • Large stacked levels;

 
Alexey Kozitsyn:

That indicator is still only a prototype... it can only plot prices by price step.

I see. Good luck in its development.


Alexey Kozitsyn:

  • Delta vertical;
  • Delta horizontal (profile);
  • Cluster chart;
  • Large trades/large traded levels on candlesticks;
  • Large stack levels;

Yes all of this is interesting, the question is how to extract patterns from here....

 
Aleksey Vyazmikin:

I see. Good luck with its development.


Yes all this is interesting, the question is how to extract patterns from here.....

Thank you.

I think there's only one pattern. Crowds are bred. If the crowd isn't being hyped, the crowd is the big player.

 
Aleksey Vyazmikin:

Okay, let's talk about "that" way.

How do you see the use of the indicator?

I have made its display in per cent, thereby removing the dependence on the volume delta, maybe again in the wrong direction....

You will find the way in trading yourself or with someone else's help - if only you want to. I only expressed my IMHO.

The point of the Action Balance display is to visualise the process of hitting "static" (limit orders) by marketplaces.

This can be visualised on the screen in different ways (only one variant in the article), depending on specific tasks.

I don't quite understand about percentages - what are you referring to? For example, I take percentages relative to the OI.

In my terminal/system, it is used to understand the direction of large/medium intraday positions set/fixing.

Also, it is useful to look at tick/n-second Action Balance, but then you need to aggregate the trades belonging to one participant (otherwise, you will get a mess).
 
Alexey Kozitsyn:

There's only one pattern, I think. The crowd is being bred. If the crowd is not being hyped - the crowd is a major player.

I strongly agree) If you look at the market from this perspective, you see a lot of things on the chart differently.

(This, of course, applies only to the speculative part of the market).

 
Dmitriy Skub:
 Also, it is useful to look at tick/n-second Action Balance, but then you need to aggregate the trades by belonging to one participant (otherwise, you will get a mess).

I think I wrote about the same thing when I was talking about large trades.

In 11.01-02 there are a lot of trades for sale from 200 lots. It looks like large stops were taken out there.

Dimitri, if you have OI data, I would like to see it at this point.
 
Dmitriy Skub:

(This, of course, applies only to the speculative part of the market).

Most of the time it is mostly speculation.

 
Alexey Kozitsyn:

In 11.01-02 there were a lot of sells of 200 lots or more. It looks like large stops were taken out there.

Dimitri, if you have data on OI, I would like to have a look at this moment.

I have everything like in Greece).


 
Dmitriy Skub:

I have everything like in Greece).

Then it looks like I was wrong, because at 11.01 open interest increased, which means there were more positions, which means that large stop sell orders were concentrated there.... after which they were diluted.

Correct me, Dimitri, if I'm wrong. I don't analyse open interest much.

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