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The purpose of the tool is to provide a quick and visual display of the trade flow imbalance. In other words, it gives an easy to see monitor shoshowing buying activity vs. selling activity

Feature Summary

• Delta calculation windows based on seconds, number of trades or number of bars

• Supports multiple lookback periods in a single widget

• starts at some point and updates continuously - more on this below

• Displays buying volume and selling volume as meters

• Displays buying vs. selling pressure as ratio or delta

• Widget is resizable and can be on chart or detachable as a separate window

• Supports visual settings to control colors, line widths, font size and show/hide

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Balance, imbalance and dominance - delta is a measure of the dominance between the buyers and sellers. In a perfectly balanced market, delta will be 0. It basically means that neither the buyers or sellers are in control. When delta grows either way it gives an indication of imbalance.

Setting the

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The study supports multiple lookback periods in a single widget.

The study includes a setting “Gauge List” where you can enter a comma separated list of lookback periods.

Supports up to 5 values which gives up to 5 gauges in one window.

You can define the lookback in seconds, number of trades or the number of bars.

• Seconds - for example 60s would give the buying volume, selling volume and delta within the last 60 seconds

• Trades - for example 60t would give the buying volume, selling volume and delta within the last 60 trades

• Bars - for example 3b would give the buying volume, selling volume and delta within the last 3 bars. The bar count starts from the current live bar. So a value of 3 means the current bar and two bars back

Example

60s, 90s, 600s - creates 3 gauges, 60 seconds, 90 seconds and 600 seconds

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Calculation Window Starting Point

Right Click Menu

Right click the chart to open Sierra Chart’s context menu.

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• Reset Window Position - in case you lose the window, use the “Reset Window Position” menu to bring the gauge back to the top left of the chart

• Attach / Detach - detach the widget from the chart

• Always on top - when detached, makes sure the widget is always the top most window

Visual Settings

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Save Gauge Size and Position When Closing Chart - when enabled, the widget position is saved when closing the chartbook

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