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One random subscriber of Siera Chart Data Feed was interested in the delta volume data.
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| [2019-02-07 23:24:21] |
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Good day, Sierra Chart Team, hope you all are doing great, *imgur.com/a/45l8NKg* As the image attached shows, this is a Natural Gas Futures chart for about two months, from the last week of 2018-12, till today, 2019-02, with a cumulative delta volume bar added, no data re-roll from each session, it was turn off by me in order to showcase a more clear path of buying and selling; what I want to say about this is, am I crazy seeing what the delta volume study is showing me? Am I out of my mind that all I can see is a huge amount of buying cumulated again while the price of gas is down at the moment? Why is all of this large amount of buying not pushing the price of gas up? Is this the proof of big money doing the same old trick again the same as what they have done at the beginning of 2019-01? While the price of gas was down at 2019-01, huge buying occurred as the delta chart showed, and after that, we all know what happened, the price of gas spiked to 3.7 from 3.0, the old classic price pumping trick, I really want to know whether not am I crazy on this, but all I can see is big money cumulating their position again at the dip of gas price, and they are planned to do the same from a few days to a few weeks later. I'm a little bit paranoid and scared on this case, even questioning Sierra Chart's data feed and delta study, are they valid and corrected? The buying/selling delta chart should roughly match the movement of price in the normal case, but the price of gas is not going up while someone is buying gas in bulk, quietly, this is rather strange to me. I just want to share this case with you, maybe having a conversation on this. I'm curious about what Sierra Chart Team would say about this. Thank you for your time, hope to talk to you soon. |
 NGH19 [CV] 0.020 Range #1 2019-02-07 16_43_55.714.png / V - Attached On 2019-02-07 22:45:12 UTC - Size: 96.29 KB - 332 views Attachment Deleted. |
| [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. |
| [2019-02-08 03:08:20] |
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This is accurate. This is what we see as well: http://www.sierrachart.com/image.php?Image=1549595318345.png Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2019-02-08 03:11:27
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| [2019-02-10 15:50:51] |
| User303575 - Posts: 8 |
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Am i correct to say the same thing is happening with EURUSD currently? https://i.imgur.com/GXxxsrN.jpg Date Time Of Last Edit: 2019-02-10 15:52:12
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| [2019-02-10 21:02:36] |
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No because Bid Volume and Ask Volume is not going to be accurate for cash Forex symbols.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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