Volume Delta calculation

Questions about MultiCharts and user contributed studies.
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syswizard
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Volume Delta calculation

Postby syswizard » 29 Oct 2020

I've been researching this topic and it's confusing to me on how it's calculated with a Level 1 data feed.
From what I've been reading, it appears that a Level 2 data feed is required to calculate it properly.
After all, it's supposed to be an order flow indicator.

Can someone clarify this ?

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TJ
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Re: Volume Delta calculation

Postby TJ » 29 Oct 2020


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syswizard
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Re: Volume Delta calculation

Postby syswizard » 29 Oct 2020

Thanks for that TJ....especially valuable was the definition of the two different break-downs.
Is Volume Delta available to Power Language studies ?
I see this for BidSize and AskSize.....re: "Quote Fields cannot be referenced historically."
So it appears these cannot be aggregated and that one must use a 1 tick chart to get for instance the Volume Delta for the past 100 ticks.
Correct ?


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