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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. Read the rest of this entry »