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Old 02-04-2007, 04:44 AM
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Re: TICK Delta, Market Delta & Volume Analysis Thread

Good point there notouch. How about the Volume Up/Down indicator by Blu-Ray? From my understanding it will plot buy volume vs sell volume. My main focus is to better understand fear vs greed. Yes volume alone will show this. However, let's say a tall red candlestick occurs on nice volume. A simple volume histogram would indicate panic and alot of selling. However, the volume up/down or TICK delta indicator would show the ratio of sellers vs buyers. This can be useful in getting in 1-2 candlesticks earlier before the crowd. Although volume spikes can indicate a reversal, price can still decline. (price often reverses at a top but I have seen price decline further during a panic) Understanding the buying vs selling at these particular bars can be useful in my opinion.

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