VolSys' Delta Bar indicator shows the delta of each candle, i.e., the difference between buy market and sell market, through footer bars on the chart.

INDEX

• Settings-of-Use
  • Database
  • Filter min
  • Filter max
  • Series

Settings-of-Use

Clicking on the indicator's settings icon will open its configuration window, within which you can make several choices regarding the indicator's functionality.

• Database

Defines which database to use to calculate the indicator, specifically you can choose from: 

1. Volume

Represents the total volume traded at each price level. This database is useful for understanding the intensity of trading and identifying the price levels at which most market activity occurred.

2. Order

Considers order data, such as the quantity of buy and sell orders at each price level. This option is useful for assessing order pressure and analyzing the behavior of market participants.

3. Trades

Keeps track of the number of trades executed.

4. Aggregate Volume

5. Aggregate Trades

Show the volume of aggregate trades, i.e., small orders placed within a few thousand seconds of each other that are traceable to a single larger order. This option provides a more accurate view of trading activity levels by grouping trades executed at the same price.

For a more in-depth explanation, please refer to section "Data base type.

• Filter-min

Lets you apply a minimal filter to the indicator; 

• Filter-max

Lets you apply a maximum filter to the indicator, if the value 0 is left the indicator will not append any maximum filter;

• Series

In this section you can define the colors of the indicator; the style of the series, choosing between Candlestick, OHLC and CandleBody; the line thickness.