Support Board

Date/Time: Tue, 30 Apr 2024 22:14:38 +0000

Post From: Additional Numbers Bars Calculations

[2016-04-26 04:12:49] Link To Thread - Link To Post [Go To First Post]
User50927 - Posts: 90
Nice job gentlemen. I'm very grateful that you were able to find the time to work on this project so soon. I did notice however that when I applied the background coloring method based on "askvol bidvol difference percentage" I got the same results as with the horizontal "ask bid vol difference"; meaning the calculations are all based on the sideways comparison. Finally, I still believe that it would be less cluttered if a "convention" had been adopted for displaying a single diagonal delta for each price level, perhaps one based on my up close/down close idea. It would at least allow one to use the full-background type option. Personally, I believe that there are no right or wrong conventions since this is all new territory and the offset is negligible; therefore, whatever you decide is fine by me. Besides, there is no holy grail in technical analysis and I still plan to continue using the old horizontal delta since it also yields useful information - despite the recent hoopla over the diagonal delta, I have yet to find evidence in my research that it offers a consistent decisive advantage over the old horizontal delta. Thanks again.