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Valtos Flip

This indicator forms part of the Valtos Indicator Suite of indicators using order flow analytics algorithms developed by Mike Valtos of orderflows.com. It is designed for scalpers but is also being used by short term traders and looks for areas where there is a sudden shift in buying or selling activity. This is done by reading the order flow and what has been traded on the bid versus what was traded on the offer and highlights the spots where sellers have taken command of the market or buyers have taken control of the market. These are the spots where a big buyer or seller comes into the market and just dominates the trading. With a normal bar chart you would just see a normal up or down bar.

You can learn more about the Valtos Flip by following these links:

Indicator Settings & Outputs Reference

The indicator considers the relationship in volume and delta across sets of two and three adjacent chart bars. Assuming:

  • A is the current chart bar
  • B is the bar before it
  • C is the bar before B
2-Bar Flip Intensity 1

The maximum distance away from peak delta for bar B, i.e. how strongly did bar B close. This is a similar concept to Order Flow Snapshot Delta Strength.

2-Bar Flip Intensity 2

If bar A delta opposes bar B delta, i.e. there is an inversion (‘Flip’) between dominant supply and demand between the two bars, this is the maximum distance away from peak delta for bar A, i.e. how strongly did bar A close.

2-Bar Flip Delta 1

The maximum opposing delta within bar B.

2-Bar Flip Delta 2

The maximum opposing delta within bar A.

3-Bar Flip Intensity 1

The maximum distance away from peak delta for bar C, i.e. how strongly did bar C close.

3-Bar Flip Intensity 2

If bar A delta opposes bar C delta, i.e. there is an inversion (‘Flip’) between dominant supply and demand between the two bars, this is the maximum distance away from peak delta for bar A, i.e. how strongly did bar A close.

3-Bar Flip Delta 1

The maximum opposing delta within bar C.

3-Bar Flip Delta 2

The maximum opposing delta within bar A.

Indicator Offset (Ticks)

The number of ticks away from the bar high/low that the Supply/Demand indicator Output Signals are drawn.

Outputs

This indicator provides:

Output Signals

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