Delta is one of the key concepts in order flow trading and represents the difference between the volume traded on the ask minus the volume traded on the bid for a particular price bar. If more volume traded on the ask than the bid, we have positive Delta and this usually indicates buyers are in control. The opposite applies for negative Delta. Delta Surge highlights when there is a strong increase in either positive or negative Delta highlighting arrival of strong buyers or sellers into the market.
Delta Surge considers the current bar and preceding three bars. If the most recent three bars have Delta that is opposite to the furthest bar, we have the potential for a Delta Surge condition and the trader can select the filters for the increase in Delta across the most recent three bars to refine the 'surge'.
Delta Surge is provided free of charge and is also included within the complete Emoji Trading Order Flow Suite. Licences include all indicator updates and enhancements during the license period.