Volume Delta: Difference between revisions
From MultiCharts
→Selecting Volume Delta Chart Option
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# Select the '''Settings''' tab. | # Select the '''Settings''' tab. | ||
# Select the '''Resolution''' your chart will 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 the '''Resolution''' your chart will 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. | ||
# Enable '''Show Delta''' section and choose '''Volume Delta''' from the '''Delta Type''' dropdown list. | |||
# Select '''Breakdown by''': | |||
#* '''Up Ticks vs Down Ticks''' method: | |||
#** 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. | |||
* '''Up Ticks vs Down Ticks''' method: | #** 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 the current tick price is higher than the previous tick price, the volume of the current tick goes to BUY volume. | #** If a tick is first one in the series, its volume 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. | #* '''Ask Traded vs Bid Traded''' method: | ||
** 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 the current tick price is higher or equals current ASK tick price, the volume of the current tick goes to BUY volume. | ||
** If a tick is first one in the series, its volume 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. | ||
* '''Ask Traded vs Bid Traded''' method: | #** 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> | ||
** If the current tick price is higher or equals current ASK tick price, the volume of the current tick goes to BUY volume. | # Select '''Build from''' to choose which type of data shall be utilized to build Volume Delta: | ||
** If the current tick price is lower or equals current BID tick price, the volume of the current tick goes to SELL volume. | #*If '''Ticks''' is selected — in case '''Breakdown by''' = '''Ask Traded vs Bid Traded''', MultiCharts will request '''historical tick ask''' and '''bid''' data from the data source for the specified in chart settings data range, no matter what resolution is selected in chart settings, to build Volume Delta chart. In case '''Breakdown by''' = '''Up Ticks vs Down Ticks''', MultiCharts will request '''historical tick trade''' data from the data source for the specified in chart settings data range, no matter what resolution is selected in chart settings, to build Volume Delta chart. | ||
** 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> | #*'''Minutes''' option is available if the basic resolution in chart settings is more than one minute. If '''Minutes''' is selected, MultiCharts will request '''historical minute trade''' data from the data source for the specified in chart settings data range, no matter what resolution is selected in chart settings, to build Volume Delta chart. | ||
#*'''Days''' option is available if the basic resolution in chart settings is more than one day. <div style="background-color: #E3FBE5;">'''Note''': '''Minutes''' and '''Days''' options are not available if '''Breakdown by''' = '''Ask Traded vs Bid Traded'''.</div> | |||
* If '''Ticks''' is selected | # Click '''OK''' to create a chart. | ||
* '''Minutes''' option is available if the basic resolution in chart settings is more than one minute. | |||
If '''Minutes''' is selected, MultiCharts will request '''historical minute trade''' data from the data source for the specified in chart settings data range, no matter what resolution is selected in chart settings, to build Volume Delta chart. | |||
* '''Days''' option is available if the basic resolution in chart settings is more than one day. | |||
<div style="background-color: #E3FBE5;">'''Note''': '''Minutes''' and '''Days''' options are not available if '''Breakdown by''' = '''Ask Traded vs Bid Traded'''.</div> | |||
<div style="background-color: #E3FBE5;">'''Note''': [[Custom Futures]] are supported on Volume Delta chart type since MultiCharts 11.</div> | <div style="background-color: #E3FBE5;">'''Note''': [[Custom Futures]] are supported on Volume Delta chart type since MultiCharts 11.</div> | ||