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Overview

Provides a quick and easy to see visual of the buying vs. selling pressure within the market.

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Ok, so it shows a cumulative delta for some time period, but for what time period? from where does it start to cumulate the trades?

So the gauge The calculation window has two modes:options

1. CumulativeRolling windowRolling

2. Expanding window

We’ll start with rolling:

Rolling

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window

In rolling mode, users set the “Rolling Window Period”, in number of trades or seconds. For example say it is set to rolling with 60 seconds. With these settings the gauge will show the delta for the last 60 seconds and will update continuously.

Cumulative mode

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Expanding window

In this mode the window has s starting point and the window grows to the right as new data comes in (that is why its called expanding).

The starting point of the expanding window can be set in different various ways outlines below:.

1. Manually reset now - press the reset button at any time to start cumulating from this point in time and onwards

2. At the start of each bar - resets on the first tick of each bar - in this mode, it shows the delta for the current bar

3. From some bar - using the cross hair, select a bar, right click and hit the menu “T29 Delta Gauge: Start From Here” - the gauge will calculate the delta from that bar to the right and update as new trades come in

4. Since the last position was entered - the gauge monitors positions for the chart symbol its applied to. Once it detects a new entry, it will automatically reset itself and start tallying the delta

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