6E Reversal Pattern: Footprint and VolumeDelta Indicators

6E Reversal Pattern: Footprint and VolumeDelta Indicators

Definitions

Bar Delta % = Bar Delta / Bar Volume
Delta Change. Delta Change is the difference between current bar delta and delta of prior bar.
Number of trades is equal to number of ticks in a bar.
dVAL is for Dynamic Value Area Low. Dynamic levels of Value Area are changed on each tick. Thanks to dynamic levels we can trace these levels historically.
dPOC is for Dynamic Point Of Control.
Absorption support zone is built from one or more consecutive levels of absorptions.
Time-price opportunity is a combination of price and time in which the entry order should be placed.

As you can see, in order flow based trading approach we are waiting for some serial signals to complete pattern sequence. For day reversal patterns you may use additional volatility indicators like ATR as a filter.