|Released Date:||11/11/2013 12:00:00 AM|
The Bid Ask Setting feature allows traders to look at all bid and ask data traded at each price for the specific chart type applied.
When traders hit the bid they are aggressively selling the market and they are initiating trades on the downside. When traders lift offers they are agressively buying the market and they are initiating trades on the upside. These aggressive trades can be monitored with the bid ask setting of the XRay indicator.
The price with the highest volume is displayed inside a box. With experience and combined with the volume and profile settings, you can spot areas where there is an accumulation or distribution of contracts just looking at the bid and ask ladders displayed by the XRay Indicator.
The Volume Setting feature displays two important piece of data. The total volume and the net delta traded at each price.
The net delta is indicated as being a negative or a positive number depending on the buyer or the seller agressivity. The price where the highest volume occured is displayed inside a box.
With experience and combined with the bid ask and profile settings you can spot areas where there is an accumulation or distribution of contracts just by looking at the volume and net delta ladders displayed by the XRay Indicator.
The Profile Setting feature displays the volume profile for the specific chart type applied.
XRay indicator also differentiates buyers and sellers pressure by painting the volume profile bars according to the net delta for the specific price level.
Used in combinaison with Bid Ask and Volume settings you have a clear picture for the market activity at each and every price incorporating market profile and market delta informations.