No acceptance back within yesterday's lower distribution. Close above value and at the upper end of the balance area, meaning initiative buyers needed or we start rotating back down. Stops > 4020.
you’re showing daily volume profiles across from the daily market profiles. The volume profiles are grey but some bars are blue and some are reddish. What do the colors signify? Volume spikes? How do you determine the colors?
Hi smash,
you’re showing daily volume profiles across from the daily market profiles. The volume profiles are grey but some bars are blue and some are reddish. What do the colors signify? Volume spikes? How do you determine the colors?
Many thanks,
Martin
Hey Martin,
That is a Delta profile, which represents the Delta distribution over a time frame on the price scale.
Delta = Net difference between aggressive buyers and sellers at a given price level.
Pink = Negative Delta
Blue = Positive Delta