Plot a spread in a Footprint Chart

Posted in Footprint® Chart by tharnett on July 3, 2010

The video below shows how to setup a spread or pair within MarketDelta and then plot it on a Footprint.

Tick Data on Pairs – Buy and Sell Volume
What makes this all possible is tick data on pairs. MarketDelta now stores this data when the pair is setup as described in the video below. This will allow users to plot Footprints of pairs (screenshot), add the volume breakdown indicator to pairs, create volume distributions of pairs (screenshot), and anything else that would require tick data.

More Details
The loading of tick data for pairs (custom instruments) has been enhanced to assign bid/ask prices for the pair ticks based on whether the underlying tick occurred at the bid or ask price. Pairs are custom instruments which plot the difference between the prices of any two underlying symbols. When either of the underlying symbols generates a trade/tick, an associated tick is generated on the pair. If the tick on the underlying goes off at the ask price, then the tick on the pair will do the same.

FAQ that covers spreads and pairs and here is another.

Creating a Signal Marker (Alarm) on Keltner Channel

Posted in RTL, User Tips by tharnett on July 1, 2010

More and more people are showing interest in RTL (Real Time Language). This is the language in MarketDelta used to create custom indicators and studies that does all sorts of things.

Below is an example of a practical way to have a marker popup on a chart when a specific condition is met. In this case we have a Keltner Channel and want to see the bars that close above or below the channel and have those bars specifically marked in some way.

The video below shows how to accomplish creating a simple signal and the links below are a great place to start learning RTL. Something not in the video but can be accomplished is the ability to have the signal produce an audible sound when the signal occurs. This is in the signal marker properties. Just click the box “Signal Action” and choose a sound.

Complete RTL Information and RTL 101