The MarketDelta Blog

We often talk about using the Volume Breakdown indicator because it offers so many different ways to view volume and delta. Every day there are great examples and here is one that jumped out at me this afternoon.

In this example we see a basic retest with rejection. The Delta Bars show how the buyers stepped in on the retest. Also, note how there was larger volume in the Footprints. When this happens it very important because unless price is able to break through and trade lower, there is potential for a nice bounce because traders are caught selling in hopes of a breakout lower. This shows a key benefit of the Footprint because the volume is presented intrabar, price by price, allowing for better reaction time to trade opportunities.

I have included the chart definition in case you want to download this chart. If you are not running the recent beta or candidate release (www.marketdelta.com/downloads) then the Quote Board indicator at the bottom of the chart will not be available.

Here is the chart definition for this chart.

As I am typing this article, a very similar trade using the delta bars occurred again.