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Volume Delta

1,048 bytes added, 20:35, 22 October 2012
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===Understanding Volume Delta Chart Type===
 
A volume delta (aka footprint) chart type provides price and volume activity together on one data point over a specified time frame. It allows traders to see "within" the price bar to provide more transparency over a traditional chart.
A bar is divided to equal parts based on price level, depends on Price Scale * Min. Movement [[Setting Properties|settings of the symbol]] in QuoteManager.
 
===Selecting Volume Delta Chart Type===
 
# Open the '''Format Instrument''' window by one of the following methods:
#:* Click the '''New Chart Window''' http://www.multicharts.com/img/wiki/toolbar/05_Create_New_Chart_Window.png icon on the Main toolbar; or:
# Select '''Resolution''' for your chart to be based on. It allows you to choose which type of data (for more details see [[Tick, Minute and Daily Data]]) and what detailed resolution will be used for building the bars.
# Select '''Breakdown by''':
#:* '''Ask Traded vs Bid Traded''' method logic:#::* If the current tick price is higher than the previous tick price, the volume of the current tick goes to BUY volume. #::* If the current tick price is lower than the previous tick price, the volume of the current tick goes to SELL volume.#::* If the current tick price is the same as the previous tick price, the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume.<br><div style="background-color: #E5F6FF;">'''Example''': If a new tick comes with higher than previous price and volume is recorded as BUY volume, and then another tick comes with the same as previous price, the volume is recorded also to BUY volume.</div>#::* If a tick is first one in the series, its volume goes to BUY volume.#:* '''Up Ticks vs Down Ticks''' method logic:#::* If the current tick price is higher or equals current ASK tick price, the volume of the current tick goes to BUY volume.#::* If the current tick price is lower or equals current BID tick price, the volume of the current tick goes to SELL volume.#::* If the current tick price is between ASK and BID prices, than the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume.<br><div style="background-color: #E5F6FF;">'''Example''': If a new tick comes with a price higher or equals current ASK tick price and its volume is recorded as BUY volume, and then another tick comes with a price that is between ASK and BID prices, the volume is recorded also to BUY volume.</div>
# Select '''Show as''':
#:* '''Bid x Ask Volume'''<br><div style="background-color: #E5F6FF;">'''Example''': '''0x56''', where '''0''' is SELL volume and '''56''' is BUY volume. </div>#:* '''Total Volume'''<br><div style="background-color: #E5F6FF;">'''Example''': '''56''' is the sum of BUY + SELL volume.</div>#:* '''Delta (Ask – Bid Volume)'''<br><div style="background-color: #E5F6FF;">'''Example''': '''56''' is the difference between '''56''' and '''0'''.</div>
# Check '''Displayed as a percentage''' to see BUY and SELL volume in %. Available only for '''Total Volume''' and '''Delta (Ask – Bid Volume)'''.
#:* If '''Total Volume''' is selected and '''Displayed as a percentage''', the whole bar represents 100% of used volume, each part of the bar represents a particular % of used volume respectively.
#:* If '''Delta (Ask – Bid Volume)''' is selected and '''Displayed as a percentage''' is checked, then a higher value between BUY and SELL volume of a particular box is taken, then it is multiplied by 100 and divided by total volume of this box.<br><div style="background-color: #E5F6FF;">'''Example''': BUY volume = 180, SELL volume = 30. The percentage of the box is calculated this way: (180 x 100) / (180 + 30) = 85,71%. Note that for '''Delta (Ask – Bid Volume)''' the percentage is shown for each box individually, not for the whole bar.</div>
# Double-click the symbol, or click '''OK''', to create a chart.
<div style="background-color: #E3FBE5;">'''Note''': [[Custom Futures]] are supported on Volume Delta chart type.</div>
 
===Settings Volume Delta Chart Style (Volume Delta, Profile)===
#* Select '''Format''' in the main menu and click '''Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button.
# Select the '''Style''' tab.
# Select one of the 2 available chart types:<br>:#* '''Volume Delta<br>:'''#* '''Profile'''
# In the '''Chart Style''' section click on the component element to be changed.
# In the '''Color''' column select one of the standard 40 colors from the palette box, or click the '''Other''' button to create custom colors.
# From the '''Width''' list select a width of the body border and the wick.
# To apply the most recently selected component's style to all components, click the '''Apply to All Components''' button.
# To hide BUY and SELL volume values check the ‘’’Color Only’’’ '''Color Only''' box (unchecked by default).
# To display the Last Price Marker select the '''Last Price Marker''' check box, or clear the box to hide the marker; the color of the marker is the same as the color of the Down component.
# To use these style settings for all new charts of this type, select '''Use as Default''' check box.
 
===Auto Trading Orders on Volume Delta Chart Type===
 
There is some differences between Regular and Volume Delta chart types with regards to order generation in real time and backtesting.
 
====Backtesting and Data Playback====
 
There is no difference between order generation on Regular and Volume Delta chart types with regards to Backtesting and Data Playback.
 
====Real-Time Simulation====
 
There is no difference between order generation on Regular and Volume Delta chart types with regards to real-time order simulation.
 
====Auto Trading====
 
There is no difference between order generation on Regular and Volume Delta chart types with regards to Auto Trading. Intra-Bar Order Generation and Bar Magnifier are supported on Volume Delta chart type.
 
To learn how Intra-Bar Order Generation and Bar Magnifier work on Volume Delta Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]]

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