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Delta of market orders


Hello traders!

There is such a tool in trading – the delta of market orders.
Let me explain:
In any transaction there is a buyer and a seller, and the subject of the transaction (asset) is one, but

… if the transaction is announced, for example, by the buyer, i.e. places a limit order for the purchase of one asset at the price XX, then the seller, having agreed to a deal at the price XX, sells his asset. Then, the delta of the market order will have the value -1 (minus one) or “sell by market”.
Graphically, many design such a delta in red – “red delta”, sell it to the market.
This can often be seen when the price of an asset falls.

… if the deal is announced, for example, by the seller, i.e. places a limit order to sell at YY, then the buyer, having agreed to a deal at YY, buys the asset. Then, the delta of the market order will have the value 1 (one) or “buy by market”.
Graphically, many draw up such a delta in green – “green delta”, buy at the market.
This can often be seen when the price of an asset rises.

For an illustrative example, the chart of the Ri futures and its delta during the fall from October 28

Delta vertical from October 28 (timeframe 10 minutes)
Delta of market orders

Delta horizontal from October 28
Delta of market orders

Well, dear traders, the question is:

How do you use this tool?
What is important to consider in the delta?
What delta format do you use – vertical or horizontal?

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