Orderflow Values

Modified on Wed, 29 Jan at 2:12 PM

The Order Flow Values indicator of VolSys allows you to display the main values of each bar in footer text format, specifically showing the Total Volumes, i Volumes in Bid, i Volumes in Ask, the Delta Volume, the Max and Min Delta Volume, the Delta % and other Order Flow metrics. 


INDEX


Use Settings

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


  • General

  • Auto format

If enabled it allows thousands to be displayed in a grouped format (1000 =1K).

  • Reverse Order

    ?
  • Text color/background/size

    Lets you change the colors of the text and background. You can also change the size of the text.
  • 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, making it easier for the user to identify 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, 

line-thickness, on the other hand, defines the outline of the various cells.


To enable a value click on Type in the LINE STYLE and choose Text, to hide it choose Ignore.


  • Tot Vol

Show total volumes traded;

  • Bid Vol

Show volumes exchanged in Bid;

  • Ask Vol

Show volumes traded in Ask;

  • Delta Vol

Show Delta;

  • Tot NT

Show total trades made in the bar; 

  • Delta HL

Show the Delta between High and Low, that is, the number of Ticks that there are between high and low;

  • Delta %

Show Delta Percentage, or (Delta Vol / Tot Vol) * 100;

  • Delta Dly

Show CVD value (Comulative Volume Delta);

  • Vol(s)

Show the Volume traded per second, this parameter is used to identify phases when there is high intensity in negotiations;

  • Time(s)

Show the duration in seconds of the bar, this parameter is particularly useful for example in volume bars, as if a 10000-contract bar forms in 60 seconds it is significant while if it forms in 300 it is not.

  • Bar Ratio

Show High Ratio in bearish bars and 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 is useful for detecting any buyers' exhaustion, in fact a high value of High Ratio may indicate that there was little participation by aggressive buyers in the last tick compared to the previous tick;

  • Low Ratio

Show the ratio between the value of the penultimate tick and the last tick in Bid, this value is useful to detect possible sellers' exhaustion, in fact a high value of Low Ratio may indicate that there was little participation by aggressive sellers in the last tick compared to the previous tick;



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