Delta Scalper Pro

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.