[walterw]

Ok guys, I think we all need to understand what our formulas are all about and I even have my doubts about how they are really working in terms of ticks or volume delta really...

First of all Tick Delta and Blue ray up /down volume are the same formula, same data in consideration, the only diference is that tick delta will show on the top of the histogram the most traded one... its just diferent visual of the same thing....

Now what is the tick delta showing ?... well its a simple volume histogram, same as volume indicator...(its taking into acount volume data) if you put your volume indicator below tick delta you will find that both look exactly the same... the diference is that tick delta is asigning (up or down ticks) to x volume... and here is my great question.... we are dealing with volume information here and not tick information... if the histogram would only consider up/dn ticks without distinguishing volume... every histogram bar would end ( lets say in a 233t chart) with 233 reading...
So I really have my doubts if we are dealing here with a tick delta or if we are actually making some sort of volume breakdown....
I attach an example.... cheers Walter.