The Order Flow Values of VolSys allows you to display in a multi-level text format; of the graph the main values of each bar, in particular it shows the Total Volumes, the Volumes in Bid, the Volumes in Ask, the Delta Volume, the Max and Min Delta Volume, the Delta % and other Order Flow metrics.
INDEX
Settings-of-Use
Clicking on the indicator settings icon will open its configuration window, within which you will be able to make several choices regarding the functionality of the indicator itself.
Data Setting
Data Base
Defines the database to be used for calculating the indicator, specifically you can choose between:
1. Volume
2. Order
3. Aggregate Trades
For a more detailed explanation, please refer to Data Base Type to the following link
Min Filter
Allows you to apply a minimum filter;Max Filter
Allows you to apply a maximum filter, if the value 0 is left, no maximum filter will be affixed to the'indicator;
Plot Settings
- Dev. std. for Coloring
Defines the standard deviation to be applied to the coloring of various cells, as the greater the value within them the greater the intensity of the coloring;
It also allows you to change the size and color of the Text, enable the Auto Text Format, which will display the text in a compact format, and invert the order of the various enabled cells;
Settings-Header
Enable the header of the Order Flow Values, change its background color, text color and its size.
Threshold
In the sections below it is possible to enable value thresholds to each Order Flow Values, from which the indicator will highlight cells with the predetermined color, facilitating the user in identifying the most relevant values.
For example in the figure the threshold of 1000 for Total Volume is enabled, from that value the indicator will color the cells yellow.
Series
In that section you can enable or hide the main values and change their background and text color,
the line thickness instead defines the outline of the various cells.
To enable a value click on Series style and choose Text, to hide it choose Ignore.
Tot Vol
Show total volumes traded;
Bid Vol
Show volumes traded in Bid;
Ask Vol
Show volumes traded in Ask;
Delta Vol
Show Delta;
Max Delta Vol
Show Maximum Delta;
Min Delta Vol
Show the Minimum Delta;
Tot NT
Show total trades made in the bar;
Delta NT
Show bar delta trade, i.e., the differential between trades made in Ask and trades made in Bid;
Delta HL
Show the Delta between High and Low, i.e., the number of Ticks that there are between high and low;
Delta %
Show Delta Percentage, i.e. (Delta Vol / Tot Vol) * 100;
Delta Dly
Show CVD value (Comulative Volume Delta);
Vol(s)
Showing the Volume traded per second, this parameter is used to identify phases when there è high intensityà in trading;
COT H
Close Of Trade High, shows the cumulative delta from the'last time the current bar made a low to its Close; under normal conditions the COT H on bearish bars tendà to be negative, when this doesn't happen it means that while the price is falling there è a prevalence of aggressive buyers, signaling a potential absorption of the same;
COT L
Close Of Trade Low, shows the cumulative delta from the'last time the current bar made a high to its Close, under normal conditions the COT L on bullish bars tendà to be positive, when this doesn't happen it means that while the price is rising there è a prevalence of aggressive sellers, signaling a potential absorption of the same;
COT Bar
Close Of Trade Bar, show COT H in bullish bars or COT L in bearish bars
Time(s)
Shows the duration in seconds of the bar, this parameter è particularly useful for example in volume bars, because if a 10000-contract bar forms in 60 seconds è significant while if it forms in 300 it does not.
Bar Ratio
Show the'High Ratio in bearish bars and the Low Ratio in bullish bars;
High Ratio
Show the ratio between the value of the penultimate tick and the last tick in Ask, this value è useful to detect any buyer exhaustion, in fact a high value of High Ratio may indicate that in the last tick there è was little participation by aggressive buyers compared to the previous tick;
Low Ratio
It shows the ratio between the value of the penultimate tick and the last tick in Bid, this value è useful to detect any sellers' exhaustion, in fact a high value of Low Ratio may indicate that in the last tick there è was little participation by aggressive sellers compared to the previous tick;
Total Effort
Shows the ratio of total volume to bar width, this parameter è particularly useful in bars with variable width, such as minute bars, as a high value of total effert shows that many contracts have traded to move the price;
Delta Effort
Show the ratio of delta volume to bar width.
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