Find Answers/MarketDelta Charts/General Forum

Answered

Why the VB#Delta-Finish and FPPS#Delta-Pullback do not equal?

Cci Fan
asked this on August 04, 2010 20:22

The Delta Finish in VB as it is described in KB ["If Delta last bounced off it's high before completing bar, the finish will be negative (or zero).  If Delta last bounced off it's low before completing bar, the finish will be positive (or zero)"] appeared to be wrong: the pullback from the high can produce positive delta, the pullback from the low can produce the negative delta, this is what the Delta-Pullback in FPPS behaves, but Delta-Finish doesn't behave the same, why?
 

Comments

User photo
Trevor Harnett
MarketDelta LLC
Ajax_loader_small Answer

Hi Cci Fan,

I believe you are confusing the fact that the delta finish is measured based upon extreme DELTA readings, whereas the Pullback column is measured based upon extreme PRICES.

For instance, with the pullback, it measures the delta since the last extreme price that traded within the bar.  The Delta Finish measures the delta since the last extreme delta reading for the bar.

August 06, 2010 07:21
User photo
Cci Fan

Thanks for the clarification.  This makes sense now, I didn't realize that the Delta-Finish is measured from Delta extremes, not price extremes.

 

I would be very useful to include the Delta-Pullback in VB, since it is different than Delta-finish, or, to make FPPS availble for RTL.  I am sure it is a matter of priorities, sooner or later you would have both implemented no doubt.

 

Thanks again!

August 06, 2010 12:19
Add a comment