easy · Order Flow Analysis footprint-delta
Why is the previous day's close considered a significant level in order flow analysis?
- It is the level where High-Frequency Trading algorithms reset their daily net delta.
- It is the level where the day's auction is always 'unfinished'.
- It is the reference price used for institutional mark-to-market calculations.
- It represents the exact volume-based point of control for the entire trading week.
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