Software Update Available
A new software update update is now available Version 2 of the ZoneTraderPro Order Flow suite is now available. The update includes two new order flow patterns and the new Delta Strength indicator.
The Delta Strength Indicator
The Delta Strength indicator is a unique and exclusive indicator that measures the strength of the delta of the bar. It is not the delta of the bar. It also features a very easy to understand volume measurement. The indicator takes an average of the last X number of bars to let you know visually if there is low, normal, high, or extreme volume. The indicator also tells you how much the bar delta is changing bar to bar. That is a lot of information in one simple indicator
Low Volume
Here we see a down bar with significant sell order flow signals. Now look at the order flow numbers in the next bar. There was no selling and that's why the low volume label is there to identify that. The next bar was immediately followed up by selling. Basically the sellers allowed price to rise to get better prices to enter short trades. We also had the new order flow signal, Exhaustion, on the second bar. The ZoneTraderPro Order Flow suite identified that buyers were exhausted when price traded on the third bar.