Sniper Delta Imbalance
- Indicators
- Stanislav Konin
- Version: 1.0
- Activations: 5
The indicator calculates delta, the difference in tick volumes between buyers and sellers.
Displays the imbalance of market purchases and sales.
Delta imbalance is a special style of presentation based on the ratio of supply and demand volumes
Using the indicator in real trading mode, you can observe the behavior of the mood of large market participants, thereby you can visually see who currently controls the price and maintains further control.
You can also see the absence of large volumes with additional delta filtration.
This indicator does not redraw its values and does not change them.
With the Sniper Delta Imbalance indicator you can choose a completely different trading style
To continue the trend when large volumes appear with a difference in delta imbalances based on pushing volumes.
To determine entry points for key ranges of reversal volumes with differences in delta imbalances based on stopping volumes.
Options
Level (imbalance filter) - The minimum difference between the compared Ask and Bid values is calculated before the calculation for coloring control points can begin. If the minimum difference condition is not met, then coloring will not be performed.
Level settings: High, Low
Recommendations
Level - allows you to set a different setting for a specific imbalance. The meaning may be different, for this you need to consider:
1. Tradable instrument: Each currency pair has its own specific minimum, average, maximum and abnormal volumes)
2.Selection of Time Frame: for each period you need to use different imbalance settings
3. Opening time of sessions: when the volumes occur. For each session they can be different. For example, for the European session they are one, but for the American session they are completely different. This is extremely important to take into account and it is advisable to carry out additional statistics on the trading instruments you need.
