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Direct MessagesDate/Time: Mon, 06 May 2024 13:47:00 +0000
Post From: One random subscriber of Siera Chart Data Feed was interested in the delta volume data.
| [2019-02-08 01:08:20] |
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http://www.sierrachart.com/image.php?Image=1549586445536.png I did a further study this time, added a 90 days natural gas chart with the same delta bar study, and I see the same phenomenon again, delta chart shifts its direction way beforehand the price of actual security changes, weeks before, even. 2018-11-14 and 11-23 dominated the direction, the supernova uptrend stopped, and the delta chart shows that the buyer was never able to re-take dominant strength over the seller, the big money just kept shorting the gas all the way through, we can see small money trying to buy into the ceiling and the price of gas never pushes further, they are all trapped. So... If I'm not crazy, on regards to delta bar with the valid data, valid buying/selling volume data, it's a solid tool to see where the real action took place, it seems. I'm just not prepared to settle in the fact the price of one security can burst hard with no large volume as what delta chart shows, and the price of one security can stay still while big money cumulating their long/short position. The way of how the market price moves have never really really REALLY been taught to the general retail public aren't they. Base on my study, if there's a lot of order absorbing the counter side volume, the price will stay still, but if there are no open order(passive limit order) in place, one market participant can break through the price chart really hard, like how natural gas did from the past few months. It's almost manipulation at some level. |