Delta

This indicator shows delta value for each bar, i.e. the difference between market buys and sells.

Indicator view on chart:

In order to add and set this indicator, open Indicator Settings.

Alerts

Use Alerts - enable the alert.

Alert File - select the audio file of the alert.

Font Color - the font color of the indicator value.

BackGround - the color setting of the background in the alert window.

Filter - the required value for triggering an alert.

Colors

Buys – color of trades filled at Ask price (market buys).

High Low Color – a color setting of maximum/minimum delta in a bar.

Sells – a color setting of trades filled at Bid price (market sells).

Filters

Bars direction

• Any
• Bullish
• Bearish

Delta type

• Any
• Positive
• Negative

Filter - the filter value

Show divergence - mark bullish bars with a negative delta or bearish bars with a positive delta.

Drawing

Delta candles

Visible - it enables and disables the display of HA candles.

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum values of the indicator in order for the indicator to fit on the chart.

Up Candle Color

Down Candle Color

Candle Border

Mode

• Candles
• Bars

Other

Mode - visualization of the delta display on the chart.

There are three modes available:

• Candles.
• High Low.
• Bars.

Minimize Mode - to provide a more visual perception of the delta, the indicator s histogram is built on both sides of the zero horizontal level by default. It is built depending on the sign of the delta (a positive delta is built up from the zero level, a negative delta is built down).

In the minimize mode all bars of the indicator are located only on one side, which allows to reduce the space occupied by the indicator on the chart. The sign of the delta will be determined only by the color of the bar.

Also read the following related articles:

GETTING ACQUAINTED WITH ATAS. ADVANTAGES OF WORKING WITH INDICATORS

HOW TO TRADE BY DELTA INDICATOR PATTERNS. CHART EXAMPLES WITH EXPLANATIONS

MARKETDELTA PLATFORM