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MarketDelta Review
MarketDelta is a exclusive, full featured charting application used by professional traders all around the world. It is a kind of is third party software that provides exciting ways of viewing bids or ask information. It provides a trading edge that all traders desire somehow or other. With the help of unique and innovative tools that it provides the trader is automatically driven towards better functioning and in the end profits. It displays price in a bar chart but within the bar there is volume information. This includes total volume at each time and the distribution of the volume in terms of the number of shares traded at the bid price vs. the number traded at the offer. The best way it can be describes is like taking an x-ray of the market. It adds another dimension in trading. It can be best described as unique simple, visual and intuitive, but conceptually sophisticated.
Footprint chart is one of the most basic and important feature of MarketDelta. Then features like Footprint profile Market profile are also essential and form an integral part of the software. The benefits of footprint charts are that it prevents the trader from running after price changes and rotations in the volatile market. One can also see in real time as the order flow dries up in one direction and begins to roll the other way. It helps in predicting the mood swing of the market to tell as to which side of the market is stronger, buy side or sell side. Footprint tick charts provide traders a better means for capturing and identifying momentum because they can capture the volume associated with each tick.
Together with the Footprint chart which shows volume, the tick charts provides better mechanism which allows the trader to identify short term rotations with great accuracy. Market Profile provides a detailed picture that is purely statistical and helps to organize market data. It gives the trader a structure with which to organize market behavior. Other important feature include bar, candlestick, PNF, renko and TLB charts. There are more than 120 Technical Indicators at the trader’s disposal. Also it includes RTL which helps to customize indicators. Then it incorporates customized layouts and alarms, custom quote pages, scans and trading signals, backtesting and optimization. Indicator price chart is also very important. Every generated number produced by the Indicator price chart consists of a trade. A trade has four integral parts these are seller, buyer, volume, and price. A trade only exists when a buyer and seller meet at a price and produce some volume. The main use for this chart is to observe whether price is getting away from the volume trend or if it is following volume trend.
Market delta can be used with market charts from esignal and other systems offering same service. The software lets the trader understand how markets really work. The footprint charts help with data entries where as a bar chart only gives you a range of prices with no volume information at each price .There has been many versions, each being far superior to its predecessor.
You hit the nail right on the head about the relationship between price and volume. When the two are in synch you can ride that wave for a lot of money, but when they begin to diverge that’s when you know to get the heck out of the position, and quick. This little trick is how the more experienced traders take money from the newbies day in and day out. They pull sort of a head fake, pushing the price higher and higher even as the volume begins to dry up, and the beginners buy right into it (right at the top of the curve). Then, since the volume is long gone, the pros will go short at the top, and cream the new guys all the way down. It’s a killer tactic and it happens every single trading day. This software looks really good for seeing these situations for what they are.
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