The MarketDelta Blog

The SESST (session statistics) indicator is an extraordinarily powerful indicator including even with the Standard edition. A few weeks ago I showed how the SESST could be used to display relative volume by time slot. But, the SESST can work on price data too. Here is a chart showing the highest high and lowest low of the first 60 minutes. Market Profile aficionados would recognize this as the Initial Balance area. Here is the chart definition.

With the new Foot Print charts in 9.2, all the standard and special MarketDelta indicators can be applied, as in the SESST here. If using the Pro or Pro-Complete version, you can use RTL to create additional lines at various percentages of the Initial Balance range. For those wanting to tinker with this, use the SESST as your token and work out the math to project a higher (or lower price). You’ll need to create a custom indicator for each upper and lower line you want to add.

A nice weekend project for some of you!