The indicator Vol Delta Text Box of VolSys shows via a Text Box the number of total volumes and the delta of each candle.
INDEX
Settings-of-Use
Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the functionality of the indicator itself.
Data-Settings
Data-Base
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. Number of Trades
Indicates the number of transactions executed at each price level. This database is useful for understanding the frequency of trades and determining levels of interest in the market.
3. Aggregate Trades
Show aggregate trade volume by combining trades made on the price level. This option provides a more accurate view of trading activity levels by grouping trades executed on the same price level.
For a more in-depth explanation, please refer to the section "Data base type.
Filter Min
Allows you to apply a minimum filter to the chosen data base.
Filter Max
Allows you to apply a maximum filter to the chosen database, if the value 0 is left the indicator applies no maximum filter.
Text-Settings
Text-size
Lets change the size of text;
Smaller Font-size
Defines minimum text size;
Auto text format.
If enabled, it allows text to be displayed in auto format, grouping the number when it exceeds thousands;
Absolute-Sign
If enabled, it allows the text to be displayed in absolute format;
IColoring-Settings
Opacity-based-on-ratio
Maximum ratio
Defines the maximum ratio of opacity;
Text color-in-base-to-delta
If enabled, it allows text coloring based on delta;
Price Settings
Tick offset
Defines in tick terms the distance to plot the Text Box;
Price plot
Defines where to plot with respect to price the Text Box, being able to choose between:
1. Maximum
Fight the Text Box on the candle maximum;
2. Minimum
Fight the Text Box on the candle minimum;
3. Center
Fight the Text Box in the center of the candle;
4. Price Variations
Fight the Text Box on the highs in bearish candles and the lows in bullish candles;
5. Delta Sign
Plot the Text Box on the highs in candles with negative delta and on the lows in candles with positive delta.
Series
In that section you can enable or hide the main indicator series, change their background and text color.
To enable a series click on Series Style and select Text, to hide select Ignore.
Max. min. delta
Show on the left the minimum delta and on the right the maximum delta reached by the candle;
Tot. vol
Show total volumes traded in the bar;
Delta vol
Show the bar delta, i.e., the differential between volumes traded in Ask and volumes traded in Bid;
Tot. trade
Show total trades made in the bar;
Delta trade
Show the delta trade of the bar, i.e., the differential between the trades made in Ask and the trades made in Bid;
Extension
Show the tick extension of the candle;
COT High
Close Of Trade High, shows the cumulative delta from the last time the current bar made a low until its Close; under normal conditions the COT H on bearish bars will tend to be negative, when this does not happen it means that while the price is falling there is a prevalence of aggressive buyers, signaling a potential absorption of them;
COT Low
Close Of Trade Low, shows the cumulative delta from the last time the current bar made a high until its Close, under normal conditions the COT L on bullish bars will tend to be positive, when this does not happen it means that while the price is rising there is a prevalence of aggressive sellers, signaling a potential absorption of them;
COT Bar
Close Of Trade Bar, show COT H in bullish bars or COT L in bearish bars;
Bid-Ask/Vol
Show the percentage delta of each bar;
Ratio
Show Ratio High in bearish bars and Ratio Low in bullish bars.
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