Support Board
Date/Time: Wed, 04 Dec 2024 19:02:55 +0000
Post From: Finish ASKVOl BidVOl Diff Explained
| [2024-12-02 17:57:36] |
| User785258 - Posts: 12 |
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I find the following easier for interpretation purposes: In SC Numbers Bars Calculated Values study, add -- Max Ask Vol - Bid Vol (SG8) Delta Vol (SG1) Minimum Ask Vol - Bid Vol (SG9) Finish Ask Vol Bid Vol Difference (SG34) If Delta > 0, then FinishDiff = (Max Delta - Delta Vol) If Delta < 0, then FinishDiff = (Delta Vol - Min Delta) In other words, you are looking to see how far Delta Volume closes in relation to the bar Max/ Min Delta Volume, depending which is applicable. It helps with identifying potential rotations in the market. For example at a Swing High, FinishDiff is large, and negative. Sentiment is aggressively to the downside. Hope it helps. |