PipTick Volume Delta

PipTick Volume Delta indicator shows the difference between Bid volume and Ask volume. It shows which side of the market participants (Buyers or Sellers) was more active in a certain period. Calculation of Bid volume and Ask volume is based on our PipTick Bid-Ask Volume indicator.

As we all know, the forex market is decentralized and therefore we do not have reliable information about the real volume. We also do not know the actual and historical values of the Bid volume (Sellers volume) and Ask volume (Buyers volume). However, we can use the tick count volume of Bid and Ask prices to determine the activity of buyers and sellers! So, with our special algorithm, we can get a very similar volume as in the futures market. With this functionality, we can analyze the flow of buy and sell orders. As you’ll see, it’s a real Holy Grail!

How to Use Our PipTick Volume Delta Indicator?

First, we have to note that it is counterproductive to use our indicator on the higher time frames. The number of buyers and sellers is balanced on the higher time-frames, so the indicator has no informative value. That’s why we recommend using it on the charts from M1 to M5.
 
The order flow context of the market should be analyzed for the last ten to thirty minutes. It is always necessary to assess the activity of both sides, buyers and sellers.
 
There are several scenarios of the order flow context:
 Delta is positiveDelta is negative
The market is in an uptrendBuyers have the power to push the price up. Look for a buy trade.Sellers try to push the price down, but fail to do it. Look for a buy trade.
The market goes sidewaysBuyers try to push the price up, but fail to do it. Look for a sell trade.Sellers try to push the price down, but fail to do it. Look for a buy trade.
The market is in a downtrendBuyers try to push the price up, but fail to do it. Look for a sell trade.Sellers have the power to push the price down. Look for a sell trade.

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Main Features

Input Parameters

Output Parameters

Screenshots

Purchase

All our products are available in the MQL5 market.

MT4 version

Buy PipTick Volume Delta MT4 customer indicator in the store selling algo trading systems

MT5 version

Buy PipTick Volume Delta MT5 customer indicator in the store selling algo trading systems