Orderflows Delta Candles for NinjaTrader (NT8) (Total size 3.7 MB Contains 5 files)
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More info: https://tradedevils-indicators.com/products/orderflow-footprint-delta-candles
Unlock trading success with the Orderflows Footprint Delta Candles Indicator! Say goodbye to the tedious task of analyzing min delta, max delta, and delta numbers in footprint tables. Our innovative solution presents these crucial metrics as candles beneath the chart, making it effortless to determine who's controlling the market – buyers or sellers.
During absorption periods, observe small delta candles signaling a power balance. But watch out for the significant delta candle flare-ups that often follow - they're your cue that the control has shifted. The moment buyers or sellers step in, you'll see it, you'll know it, and you can act on it instantly.
With the Orderflows Footprint Delta Candles Indicator, reading order flow has never been easier. Don't just trade, thrive - follow the footprint trail to a profitable trading future.
Using delta candles during absorption
Please observe the screenshot provided. The market initially exhibited a bullish trend, characterized by green price bars and blue delta candles.
However, there are two subsequent bars that indicate absorption. Notably, during these two absorption bars
- the trading volume was significantly high.
- Additionally, the value areas overlap
- the point of control (POC) remains relatively stable at the same price level.
- The delta candles reveals that following a series of large blue delta candles, the two absorption bars display lower delta values and a slight negative trend.
This suggests a shift in market sentiment. The situation intensifies with the arrival of the third bar, which is accompanied by prominently negative delta candles. This indicates a significant change in the market dynamics, signifying an opportune moment to initiate a short position.
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Orderflows Delta Candles for NinjaTrader (NT8) (Total size 3.7 MB Contains 5 files)
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