Delta Volume

[rata625]

A little confused on how to read Delta volume using the dom. In the screenshot i can read the red bars as "Ask Orders" not filled correct? Meaning there are more sellers than buyers sitting there or unfilled. And the Green as "Bid orders" unfilled sitting there. I guess the negative on the green throws me off. can anyone confirm?

 

[MrSharky]

You need to show the header otherwise its all a guessing game

 

[rata625]

You need to show the header otherwise its all a guessing game

Will do that shortly and show a screenshot.

 

[rata625]

You need to show the header otherwise its all a guessing game

 

[MrSharky]

Delta volume is the difference between the ask and bid volume at the given price level. That's executed orders at every price level. Your colors are of, usually negative delta is red and positive delta green.

 

[rata625]

A little confused on how to read Delta volume using the dom. In the screenshot i can read the red bars as "Ask Orders" not filled correct? Meaning there are more sellers than buyers sitting there or unfilled. And the Green as "Bid orders" unfilled sitting there. I guess the negative on the green throws me off. can anyone confirm?

View attachment 2509

heres the header image

Delta volume is the difference between the ask and bid volume at the given price level. That's executed orders at every price level. Your colors are of, usually negative delta is red and positive delta green.

okay the negative by the green threw me off making he think the green was negative delta. But the red negative delta (more sellers orders than buyers) and green positive delta( more buyers than seller orders) is this correct?

 

[MrSharky]

Negative delta (usually red) are aggressive sellers, the price is hit on the bid, downward price pressure. Positive delta (usually green) are aggressive buyers, price is hit on the ask, upward price pressure. Than you have absorption also, big positive delta without price movement or big negative delta without price movement. That's a 2 minute crash course on delta.

 

[rata625]

Negative delta (usually red) are aggressive sellers, the price is hit on the bid, downward price pressure. Positive delta (usually green) are aggressive buyers, price is hit on the ask, upward price pressure. Than you have absorption also, big positive delta without price movement or big negative delta without price movement. That's a 2 minute crash course on delta.

You rock bro. I was using this method today and I think I did it correctly to show me oh this shits about to drop. Watching the negative delta stack up. This helps so much. Volume tells m everything I need to know.

 

[MrSharky]

Delta is a very powerful tool, but should be used in confluence, that's when it can be really powerful.