Start with this thread and then we can move on. MD is one of the last pieces in the puzzle. To appreciate it you must understand the cornerstones first. http://www.elitetrader.com/vb/showthread.php?threadid=80582
fearless, I don't really know what you are referring to, but is it the large volume bars on the chart ? The red line is average volume for time of day. Conversly there is low volume on the minimal pullbacks. Incidently, on two minute bars the delta looks plausible - from IB feed.
Right water running uphill doesn't exist, hence my disgust while I saw this occurring. I'll read that thread you posted, maybe that is more helpful to me then this delta seems to be. Thx. MK
MK.........I have never ever had any data on any instrument that I have traded EVER look as the chart you have shown (you may have a data anomaly). The only other possibility is "controlled" and manipulated "offer lifting", of course mixed with selling to build a large short position with an adjusted cost basis. One question.....did this product have any drop within one hour after this happened (to price levels below where you have the boxed in area)?
Hi 5P, Yes this could be a data problem, but how the would I know that real-time? No it has not dropped back at all, been going up most of the session. Data provider is DTN. I have had problems with them before on the odd day with the DJ Euro Stoxx50 so I can't rule out data problems. Bolter and I compared data on a day that was doing this. He was on esignal and me on DTN. His looked fine. I'll check with him later tonight when he gets into work. As an aside I've been having quite a few troubles with DTN IQFeed on anything but USA products - typical I find with these bloody providers and their 'international' data. I mean this isn't some poky little 10k contract / day market. Buggers should sort their shit out. *sigh* one of those days...sorry for the offtopic rant. Thx for the response. Kind regards, MK
Water does run uphill .... just ask any windsurfer in shallow water or look at the rain hiting your windscreen when driving. What is happening is an external force (windspeed) is sufficent to overwhelm gravity. The markets are similar. Dont give up on delta and volume, just learn to use it in it's proper context. What did happen next to your chart? Good luck
I see that it kept rising. 5P may have a point about DTN. For what it is worth, I use delta for its summed value only, I do not use tic delta in my decision making. I think that it was Bolter how mentioned that tic delta was over as fast as it began. Bit like teenage sex really. I do however use 2 feeds to confirm price and speed ... in fact I use two of most things.