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
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Attach / Detach - detach the widget from the chart
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