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Delta Divergence Pro is an add-in for selected trading platforms and available on a monthly subscription. You can also select to license it as part of emoji trading Order Flow Suite of 14 indicators.
The term ‘delta‘ is used in order flow to mean the difference in aggressive buying and aggressive selling, i.e. the quantity of market buy orders lifting the offer minus the quantity of market sell orders hitting the bid.
Consider the situation where prices are rising and making new highs but delta is decreasing, or in other words…
we are making new highs but there are fewer buyers!
This sounds like something to be aware of! If we are already long, we may consider existing some or all of our position. If we are flat, we certainly don’t want to be buying as part of a smaller group of buyers. We may consider looking for signs that the market will reverse and fall back.
This is a Delta Divergence condition. Delta is not moving in the same direction as Price. This shows that supply (at a low) or demand (at a high) is becoming exhausted.
The means to identify Delta Divergence is a key part of the toolkit for a trader using order flow analysis. emoji trading Delta Divergence Pro provides a powerful and flexible tool to do just that giving you the real-time ability during bar formation to:
The Delta Divergence condition is visualized on your chart and made available programatically to your trading platform if you wish to trigger alerts or automated trading actions.
Flexible filtering using price and time
Delta Divergence Pro is available for: