Have you ever wondered if you can measure the strength of price movements? It is possible with Delta Swing! This indicator allows you to numerically see the volume and delta of price movements. You can easily identify the strength of a pullback or momentum (2). OTM will help you read the information as follows:
Our algorithms will read information from buyers and sellers, if there is an imbalance it will provide a buying or selling signal (1).
When there is too much volume and the price does not make any movement, it is a sign of institutional activity, the effort/ no result signal will appear every time this happens (1).
Delta divergences occur when the delta is not consistent with the price direction. If the price is rising it is normal to have positive delta, sometimes divergences occur and the delta is negative. When this occurs a dotted box will appear as an informative signal (3). Get an in-depth understanding of the OTM Delta Swing buy and sell signals.
A reliable movement is characterized by consecutive candles and constant volume, however it is important to know its buying or selling strength (delta), since the price action can deceive us. Delta Micro allows you to group the delta by consecutive movements, i.e. candlesticks towards the same direction (1). In this way you will be able to differentiate consistent movements from non-consistent ones. Simple visual identification is vital to avoid missing good trades. Some options offered by this indicator are:
Easily visualize large buying or selling volumes. The box that is excessively large regarding others, shows the presence of institutional money (1).
Graphically filter delta volume values to only focus on the most relevant movements (2).
When is a trend exhausted? Is the price overbought or oversold? Delta Cumulative provides information about the buying or selling pressure in a delta histogram. There, we can observe when a trend is stable or shows a transition in the opposite direction (2).
Excessive buying or selling volume can be a sign of a possible change in direction. By filtering the high values you can identify excessive buying or selling (climax) (1).
Obtain each bar´s delta volumen information in real time, as well as the máximum and mínimum values (1).
By using the signal you will be able to identify when a bar is not consistent with its delta volume. If there is a bullish candle and its delta is negative, the indicator will show the signal (2).
Do not look at the information on each bar, visually filter the highest volumes to pay attention to them (3).
Have you ever wondered why the price consolidates more at some price levels than others? This is because some levels are preferred by large institutions so the price stays longer there, generating consolidations. While in the less preferred zones, the price moves vertically and faster. By using OTM Volume Profile you can easily determine this:
Price levels where the price will consolidate, by Identifying the volume control center (VPOC) (2). Besides, two objective support and resistance levels such as the value area low (VAL) and high (VAH), (1).
Identify the least traded price levels of the session (low volume levels). These levels allow to detect possible big movements (3).
Do you want to go back a few bars and analyze the volume profile? Do not worry, this profile will be recreated in real time.
OTM BarTimer allows you to visualize the remaining time for the closing of a bar. For this, it uses a color scale that will work as a traffic light for your executions. By default, it will have a different color in function of the bar's creation time.