Realtime Volume and Tick Delta Signals for Intraday Charts
Summary
This indicator replaces standard candles with a realtime display of volume delta, tick delta, total volume and ticks, and each delta as a share of its total. It also marks point-of-control levels, the price associated with the highest-volume tick, and divergences where delta polarity does not agree with bar direction or price behavior. Configurable conditions can identify strong bars and generate directional markers or alerts.
The script is designed for small timeframes and exposes many display and signal filters, including rising delta, volume, ticks, and POC conditions. Its description and code explain how the measurements and markers are organized, but provide no empirical evidence that they predict profitable trades. Delta estimates and realtime readings may depend on the available data and calculation method, so users should assess their reliability and behavior on the instrument and feed they use.
Key ideas
- The indicator presents volume delta and tick delta alongside their totals and relative percentages.
- POC levels and the price of the highest-volume tick add intrabar context to the display.
- Users can filter marker and alert events with conditions involving price, delta, volume, ticks, and POC movement.
- Divergence markers flag cases where delta polarity or POC behavior disagrees with price direction.
- The document describes an analytical display but provides no performance validation.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.