Support Board
Date/Time: Wed, 27 Nov 2024 21:46:03 +0000
[User Discussion] - delta profile, which colouring method to show aggressive buyers or sellers is accurate
View Count: 562
| [2023-07-13 15:10:04] |
| User274507 - Posts: 37 |
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Hi, So I was hoping you could clarify some confusion I'm having. My footprints colouring method is set to 'based on diagonal dominant sid AskVol BidVol percentage', same for text colouring method. I read diagonal is most accurate as this is how market orders are placed. But the daily delta profile does not have the same settings. I did some research, read up explanations on your webpages but I'm still unsure whether to use diagonal or standard: ie. diagonal ask volume - bid volume for volume bar calculation and diagonal difference of bid and ask volume for colouring or whether to use the standard ask-bid volume for volume bar calculation and difference of bad and ask volume for colouring. As one gives the oppositie colour to the other setting, one would show buying is dominating near the highs or the day, the other shows selling dominating. I just want to show whether there was more aggressive buyers or sellers at each price on my daily delta profile, could you advise which setting is best for this? thanks |
| [2023-07-13 15:27:36] |
| User274507 - Posts: 37 |
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I would have thought diagonal would be more accurate as that is how market orders are placed? That is also what I was told from a couple of traders, but I've also seen a few youtube vidoes for delta profile where they don't use diagonal for their setting on daily delta profile
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| [2023-07-13 16:11:24] |
| John - SC Support - Posts: 36350 |
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This is a personal choice. We have set this as a User Discussion for others to give their opinions on how they use the information.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-07-14 12:10:50] |
| User289449 - Posts: 5 |
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I love the delta fixed range volume profile on tradingview. i will start to somehow find the settings which recreate that in sierra. I dont know what timeframe do you wnat to use it?
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| [2023-07-15 19:14:16] |
| binaryduke - Posts: 369 |
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Delta profile - more accurately delta at price - is best measured horizontally. If you want clear and accurate explanations of how to use and interpret the raw traded volume information in the footprint, DOM and profiles check out the very low cost ($25 one time) online education at www.tradingresearchgroup.com
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