The MarketDelta Blog

I wanted to showcase some powerful new functionality that is available in MarketDelta version 9.2 and higher. It utilizes the new Volume Price Statistics indicator. With the evolution of the Footprint® chart, you now have the ability to apply ANY technical indicator in the library of technical indicators to a Footprint® chart.

We have added a new technical indicator called the Volume Price Statistic solely aimed at unlocking the information contained with in a Footprint® and providing ways for traders to either track these unique statistics on the chart OR develop custom indicators and signals to appear on the chart when certain criteria are met.

Below is a fairly simple example of a signal that looks at the high volume price within each bar and compares it to the high volume price two (2) bars ago to see if the current bar’s high volume price is higher or lower than that of two (2) bars ago. The second piece of logic for this signal is looking at the delta for the entire bar and comparing it against the delta from two (2) bars back. Essentially the signal will produce and up arrow (green) IF the high volume price for the current bar is GREATER THAN the high volume price of two (2) bars ago AND the delta for the current bar is GREATER THAN the delta of two (2) bars ago.

Of course any of these parameters could be modified to suit your needs. Watch the short video to see this firsthand. To learn how to add a technical indicator to your Footprint chart see this link. You must have version 9.2 or higher in order to do this.

To download the chart definition for this chart click HERE. To learn how to import chart definitions visit this Knowledge Base FAQ. You MUST have the Professional Edition or higher to utilize this chart functionality.

Here is a high resolution version of the VPS Volume POC Tracker video. (4 minutes)

Volume POC Tracker with Delta from MarketDelta on Vimeo.