Prop Firm BridgeProp Firm Bridge
Community

Is the Volume Delta Indicator Proxy Reading Actual Order Flow or Estimating?

Earl Christian

Volume Delta tools calculate the difference between buying and selling pressure by evaluating trade ticks inside each bar. However, in decentralized markets like spot Forex, tick volume delta is simply a broker-specific calculation based on bid-ask price quote frequency, not actual contract volume. Is using Volume Delta on spot FX charts a valid order flow tool or a flawed proxy estimation?

0
1 comment
Sign in to join the conversation

1 comment

  • Earl ChristianOP

    Why do traders treat TradingView Volume Delta indicators like true institutional Level 2 DOM data when retail FX feeds lack a centralized exchange?

    0
    Reply