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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 sho

Feature Summary

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

  • Supports multiple lookback periods in a single widget

  • 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

Basic Terminology

Buying - buyers, buying, buying pressure all refer to trades executed at the ask. In Sierra Chart this is AskVolume

Selling - sellers, selling, selling pressure all refer to trades executed at the bid. In Sierra Chart this is BidVolume

Delta - represents the amount of buying vs. the amount of selling in the market that is happening in the market. The meaure is taken over some time period.

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 Gauge Lookback Periods

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

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Right Click Menu

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

3 items related to the Trade Delta Gauge are available.

These items are prefixed with TDG:

  • 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

Gauge Width - control the width of each gauge - enter a list of %'s or leave empty if you just want them to all be the same. For example in the image above, we have 3 gauges set to 25,25 and 50

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Meters - Buying Pressure Color, Meters - Selling Pressure Color

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Gauge Text - Show Volume

Gauge Text - Bold

Buying/Selling Text

Buying/Selling Text - Display Value

Buying/Selling Text - Buying Color

Buying/Selling Text - Selling Color

Ratio Buying/Selling Text - Bold

Mid Line

Mid Line Enabled, Mid Line Color, Mid Line Width Mid Line Style

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Border Line Color, Border Line Width

Right Click Menu

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

3 items related to the Trade Delta Gauge are available.

These items are prefixed with TDG:

...

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

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