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Delta Formula

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[2017-08-29 02:20:58] #1 [Go To First Post]
User549578 - Posts: 5
Is there a study or formula that will track delta for a value that I set. Say delta=400 or delta 800. I would like to use the changing delta value for other studies that would depend on that delta value up to the threshold I set. This would be hugely helpful to me. thank you.

[2017-08-29 02:30:04] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
By Delta do you mean difference? And the difference of what? Also, we really do not know what you mean by this: track delta for a value that I set. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2017-08-29 02:52:01] #3 [Go To First Post]
User549578 - Posts: 5
Yes. The difference would be the difference of the bid-ask volume. Giving net delta volume. It would accumulate that delta up to a specified limit. Say delta =400. The study would accumulate the changing delta up to that specified setting (delta =400 in this example}. That study call it (id1.sg1) could then be used in some other studies I created. I been trying to create this study for a week now. Just need some help now. Date Time Of Last Edit: 2017-08-29 03:00:01

[2017-08-29 03:05:08] #4 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Use the Bid Volume versus Ask Volume study: Bid Volume vs Ask Volume It would accumulate that delta up to a specified limit. Say delta =400. And then do what? This is the essential detail you are leaving out. Therefore, we do not know what to recommend. And how would you calculate this accumulation? Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2017-08-29 03:36:51] #5 [Go To First Post]
User549578 - Posts: 5
It would reset and start over. Actually it would be identical to the delta volume bar under Chart Settings Bar Type. It would be the same formula used to accumulate those delta volume bars. Using the price overlay study referencing a delta bar chart say (delta=400) bid-ask volume does give me the running delta, BUT the problem is the destination chart is faster than the source chart if I use that study in further calculations. I hope I explained myself better.

[2017-08-29 19:48:57] #6 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Actually it would be identical to the delta volume bar under Chart Settings Bar Type. It would be the same formula used to accumulate those delta volume bars. Therefore, the only thing we can recommend is to set the Bar Period Type in the chart to Delta Volume per Bar. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

[2017-09-01 19:44:50] #7 [Go To First Post]
User549578 - Posts: 5
Would it be possible to have the source code or formula on how the delta volume per bar is created? Then I could figure out the rest.

[2017-09-04 17:54:49] #8 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
No, this is not available. It is far too involved and not useful for users. When the absolute value difference between the Ask Volume and Bid Volume is equal to or greater than the specified Delta volume amount is what causes the bar to finish and a new bar to be started. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing

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