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$69.00 / month
Delta Scalper 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.
In order flow analysis, aggression is often identified by considering imbalances between the quantity of market orders hitting the bid vs. lifting the offer. A limitation to this approach comes from how we arbitrarily decide what is aggressive. 3x more volume? 4x more volume?
Delta Scalper takes a broader view by enabling bar-to-bar comparisons of bar delta – net aggressive buying or selling activity. In real time it tracks the total net buying or selling and compares this to the prior bar. If the change in delta between bars exceeds a specified level, the range of prices through which this change occurred, i.e. where did significant supply or demand arrive, is established. This range of prices can be visualized and tracked using any EmojiZone visualization mode so that you can see whether the level is defended when it is revisited. The level and its state is also made available programatically to your trading platform to enable alerts and automated trading from the Delta Scalper condition.
Flexible filtering using price and time
Qualify levels that will hold or break
Delta Scalper Pro is available for Sierra Chart and fully compatible with Service Package 3 & Package 5.
Simply connect to your broker’s data feed. Supported brokerages and data feeds include: AMP, CQG, Rithmic, GAIN, Interactive Brokers…