VolBook's Delta Bar indicator allows you to visualize the Delta, or the difference between buy market and sell market, through bars below the chart.

INDEX

• Settings-of-Use
• General
  • Database
  • Bar Number
  • Filter min
  • Filter max

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.

General

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 trades and identifying the price levels at which most of the market activity occurred.

2. Aggregate Trades

Shows 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 with the same price.

3. Trades

Tracks the number of trades executed.

4. 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.

Bar Number

Defines the number of bars for grouping the indicator, the fewer this value, the more granular the data.

Filter min

Lets you apply a minimal filter to the chosen database; 

Filter max

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