Delta Indicator
What is Delta?
Delta measures the difference between aggressive buying and selling, typically computed as Buy Volume − Sell Volume over each bar or at each price level.
How the Delta Indicator Works
- Aggressive Buy Volume: Trades executed at the ask (or above midpoint)
- Aggressive Sell Volume: Trades executed at the bid (or below midpoint)
- Delta: Buy Volume − Sell Volume
Interpretation:
- Positive delta indicates buying pressure; negative delta indicates selling pressure.
- Divergence between price and delta can hint at absorption or exhaustion.
Available Settings in FutPrint
- Aggregation: By bar or by price (if footprint-style display is enabled)
- Smoothing: Optional MA of delta
- Style: Histogram/line color and thickness
Practical Usage and Best Practices
- Confirm breakouts: strong positive delta on up-breaks and negative delta on down-breaks.
- Identify absorption: price stalls while delta remains one-sided.
- Combine with volume profile and key levels for context.
Limitations:
- Data quality and tick classification impact accuracy.
Using Delta in the Platform
- Add Delta from Orderflow & Delta indicators.
- Choose aggregation type and optional smoothing.
- Customize style and thresholds.