Switch on this alert if you want to be alerted when
-Price ticks up and cumulative delta ticks down
-Price ticks down and cumulative delta ticks up
The alerts will appear as follows:
The numeric fields in the Alert are: Inside Bid Price, Contracts Traded at Bid, Contracts Traded at Ask, Inside Ask Price
Alert
Check this box to switch the alert on.
Minimum Quantity
This is the minimum quantity divergence that will trigger the alert. This is the minimum ‘delta’ between market buys and sells and not the minimum quantity traded.
Minimum Qty |
Market Buy Orders |
Market Sell Orders |
Delta |
Alert Triggered? |
|---|---|---|---|---|
600 |
1000 |
2300 |
-1300 |
Yes |
600 |
798 |
600 |
198 |
No |
600 |
1483 |
500 |
983 |
Yes |
600 |
600 |
200 |
400 |
No |
Plot
Check this box to switch chart markers on.
Bullish Color
A bullish divergence occurs when there are more trades at the bid than the offer but price ticks up. The default color for this marker is Cyan.
Bearish Color
A bearish divergence occurs when there are more trades at the offer but price ticks down. The default color for this marker is red.
In this example, we actually had that 1641 contracts hit the offer price of 1162.75 and 145 contracts hit the bid price of 1162.50. Despite the larger number of buy market orders hitting the offer, price still ticked down. There is obviously supply at this level
Price Delta Divergence Bullish Divergence Alert Audio
Audio file to play when a bullish delta divergence alert is triggered. This will occur when price ticks up even though delta ticked down. Set to None, the default audio or click custom to select your own audio file to play.
Price Delta Divergence Bearish Divergence Alert Audio
Audio file to play when a bearish delta divergence alert is triggered. This will occur when price ticks down even though delta ticked up. Set to None, the default audio or click custom to select your own audio file to play.
Price Delta Divergence Marker
Set this to “True” if you would like the price divergence alert market to appear on the chart. When a divergence alert is issued, you will see a small circle on the chart.
