does anyone use marketdelta.com?

[darthtrader]

Well back to this again...I'm just going to have to try this and spend the money. From looking up stuff on this all weekend, while agree with what was stated up top that this seems totally useless on its own I just can't believe this information wouldnt be worth it if your using it to make more informed decissions on what your already doing,especially with market profile.

lots of interesting charts here
http://blog.marketdelta.com/

The thing I thought was most interesting from looking at the charts was in a trend.


If you figure that there is no good trade location in a strong trend, then it makes sense that everyone is trying to front run eachother with aggressive market orders.It would be interesting to see more charts like that and if that is a general property of a strong trend or those charts were just random luck.

Something else interesting with the charts on that site is that bar on the bottom. It looks like in a balancing market the deltas are rotating back and forth, while the magnitude of the deltas get lower(which would make total sense for a balancing market). Then in a trend you get more of the same prints in a line while the magnitude increases.

I wonder if that volume delta indicator for tradestation on here could be tweaked to better show the magnitude of the deltas better? In its current form it seems a bit binary as far as what its really giving you information wise.

[Blu-Ray]

Darth

You can get a free 30 day trial if you click here:
https://www.marketdelta.com/newsite/trial.aspx

Although you do need a data feed for it, I tried it with IQfeed and thought it was okay, but a case of information overload. However, on reflection, I think it was just me because I'm that used to the Tradestation platform and just couldn't ( or wouldn't ) get use to their platform.

But I think it would do the trick for you, since you're looking for good MP charts and volume by price charts, I think you can't go wrong.

Hope this helps

Blu-Ray

[darthtrader]

hey blue,
I haven't tried the demo yet. I emailed them about the vwap. If I can get jerry's stuff going on the charts I'm sold. I think I might get a job on saturdays just to keep my software costs at zero.. I could see the information overload with all the different features. Just feels like I'f im going to do this, may as well start off learning with everything that I want.
The MP charts do look fantastic too.

[OAC]

	Quote:	MidKnight
	Hi DarthTrader, I gave the marketdelta (at the time it was called IRT) footprint and MP charts a good hard try. I stuck with it for just over a year. I totally agree with notouch above stating that the marketdelta website is overly simplistic and he is trying to sell it like some sort of 'no brainer' system. The original market delta Trevor sold even had those fancy buy/sell arrows that really boosts sales. He makes it sound like you just buy when the column delta is green and sell when the column delta is red. That sort of trading will make you broke in a very short time. Very often you can get extremely high/low delta readings but it is passively being absorbed. I also find this level of detail is more confusing with a heavily arb'd market. You can get a more generalized view, and I believe more useful view with a simple net buy/sell summary per bar. In marketdelta they call this volume breakdown indicator. In closing, after trying hard to make the marketdelta tools (primarily the footprint charting) work for me, I had to admit that it wasn't adding to my bottom line and was instead hindering my performance by keeping me off many really good trades. I like the concept and the theory but could not turn it into more $$$s in my account. Because of this, I dumped it last month and switched over to neoticker to pursue a simplier version of what I was doing with market delta tools centered around the same theme -- supply and demand. Best regards, MK

From my observation from various sources, I get the impression that the Bid and Ask data have to be analyzed in 30-minute aggregates similar to a TPO.
Anything smaller in the 1-minute,3-minute , and similar tick increments seem to reflect a lot of the Arb activities

[ckait]

Its been a month now did you get market delta ? is it helping ?

[404]

any update on the software?

[darthtrader]

I've basically become a convert to this tool. The odd thing is i think the footprint type charting is the least usefull thing. The volume profile is top notch and cant be beat. The peak volume intra bar marker is just so nice and obvious.
A really interesting feature is plotting the chart as delta bars. Here is a chart that only plots a bar once 300 contracts have been hit volume wise on one side of the bid/ask. Its pretty easy then to stay on the trend, then when the low bar is in but with delta in the opposite direction then the move is almost by nature stalling out. The tempo of the market is pretty easy to feel this way too as on this chart, the down move took 20 minutes. Then that one bar took 20 minutes to print near the left side as the market stalled and became indecisive.
I'm not sure how much this software makes sense if you use candle patterns or what not. For MP trading though it fits like a glove.

[404]

darth...thanks for posting that chart. any others...this looks pretty interesting!

[404]

Can I get some feedback from those using Market Delta?

I am looking into it...

[ckait]

I use market delta from Fin Alg couldnt imagine trading without it.