Delta Scalper

From: $19.99 / month

Identify price levels where institutional traders are entering the market


Delta Scalper provides real-time, tick-by-tick order flow analysis of changes in buying and selling dominance between the current price bar and the previous price bar. It can be used with Numbers Bars, bar, candlestick, Renko and Heiken Ashi charts and allows the trader to quickly see if a near-term change in price direction is likely based upon the relative weight of buying/selling compared to the previous price bar.

When a Delta Scalper condition is encountered in real-time, an indicator will appear below the current price bar if Delta has increased by the Buy Imbalance percentage set within the Study Settings. Conversely, if the current price bar’s Delta decreases by the Sell Imbalance percentage set within the Study Settings, an indicator will appear above the current price bar. The price range across which the condition is occurring is highlighted within the price bar.

As Delta changes in real-time, the indicators may well appear and disappear multiple times during the bar’s formation.

At the end of the price bar’s formation, if the Delta Scalper condition is in place, the indicator will remain above/below the price bar. Additionally, EmojiZones may be drawn highlighting the range of prices at which the condition was first encountered through to the closing price of the bar to assist in determining low risk entry points and stop levels.

Delta Scalper may be licensed for Sierra Chart on a Lifetime, 1-month or 3-month basis, or as part of the complete Emoji Trading Order Flow Suite. Licences include all indicator updates and enhancements during the license period.

Input Name Description
Delta Scalper Imbalance % The positive percentage change between the current bar’s Delta and the previous bar’s Delta to determine if a buy Delta Scalper condition is encountered. This value can be displayed using the Delta Change indicator.
Volume Threshold Specifies the level of Volume or Delta (see above) that must be present in the bar in the direction of the Delta in order for the Delta Scalper condition to be indicated.
Volume Threshold basis Determines whether the Volume Threshold (see below) is calculated using the bar’s volume that matches the Delta direction or the bar’s Delta.
Lookback Period If set to a value greater than 0, Delta Scalper indications will not be displayed unless the current bar’s high (or low) is greater than (or less than) or equal to the highest high (or lowest low) within the lookback period.
EmojiZone Fixed Projection Distance Specifies the number of bars from the current bar that a Fixed Projection EmojiZone will be drawn.
EmojiZone Extension Line Label Specifies the line label (can be left blank) for an Extend Until Future Intersection EmojiZone line.
EmojiZone Dynamic Break Threshold When using a Dynamic Support/Resistance Display EmojiZone, this input sets the number of ticks by which the zone can be breached without it being regarded as having broken.
EmojiZone Dynamic Evaluation Levels If set to 0, every current EmojiZone is evaluated at each study calculation. To reduce processing time, a non-zero value will limit calculation to the nearest n EmojiZones to the current price where n is the value entered in this setting.
Symbol Offset (Ticks) Specifies the indicator’s display position above/below the current bar.

Subgraph ID Subgraph Description
SG1 Delta Scalper Condition Evaluates to 1 when a positive Delta Scalper condition occurs, -1 when a negative Delta Scalper condition occurs, 0 otherwise.
SG2 Delta Scalper Positive Indicator The symbol used to indicate a positive Delta Scalper condition.
SG3 Delta Scalper Negative Indicator The symbol used to indicate a negative Delta Scalper condition.
SG4 Delta Scalper Zone High Price Use in conjunction with SG5 to highlight the highest and lowest price levels where the Delta Scalper condition occurred within the current bar. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs
SG5 Delta Scalper Zone Low Price Use in conjunction with SG4 to highlight the highest and lowest price levels where the Delta Scalper condition occurred within the current bar. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs
SG6EmojiZone Properties Use the Color, Width/Size and Transparency Level for Fill Styles inputs to customise the appearance of this indicator’s EmojiZones. Please refer to this link for the EmojiZone documentation.