Cumulative Delta Volume Indicator

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  • Regular price $129.00
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Overview

The Cumulative delta volume indicator shows the cumulative delta volume traded for each session. At the start of each session, the cumulative delta volume is reset to 0. From there on transactions occurring on the Ask are considered buying pressure and are added to the total, and those occurring on the Bid are considered selling pressure and are subtracted from the cumulative total

When the cumulative delta volume is positive it means that there are more buyers in the market than sellers in the current market and vice versa. 

The cumulative delta indicator can be used as a simple but efficient confirmation of the uptrend/downtrend. When price makes a pullback in a trend but cumulative delta stays strong then we have more confidence that the trend will continue after the pullback

It can also be used to determine if a trend is losing steam and about the end. When the price in an uptrend is continuing to go higher, but the cumulative delta volume is declining then it's like that the trend will end soon

 TDU Cumulative Delta Volume Indicator

Candles or Histogram

The cumulative delta volume can be shown as candles or as a histogram 

Cumulative Delta Volume Histogram vs Candles

 

BloodHound/Ninjascript ready

The indicator exposes several plots which can be used to develop your own strategies:

  • CandleOpen - The open price of the delta volume candle
  • CandleClose - The close price of the delta volume candle
  • CandleLow - the low price of the delta volume candle
  • CandleHigh - The high price of the delta volume candle
  • Histogram - The histogram value
  • Trend - The trend (-1 = down, 1=up)

Features

  • Plots the cumulative delta volume for each session
  • Oscillator below the chart
  • cumulative delta can be shown as candles or histogram
  • Colors can be fully customized
  • bloodhound/strategy builder ready
  • Plots Bollinger band on the cumulative delta
  • Exports all plots 
  • Works on timeframe
  • Works on any market (futures, forex, crypto, stock, options, etc)
  • Works on any bar type (time, tick, volume, range, Renko, etc...)
  • Works with any NinjaTrader license

Changelog

    10-Aug-2021 v1.0.0.0

    • Initial release

     

    Terms

    All our indicators and packages come with

    • a one-time fee only
    • lifetime license for 1 pc (we offer 20% discount for 2nd licenses)
    • includes free future updates

    We also offer a 100% free 5-day trial of all our indicators allowing you to test our software before you decide to invest in it. Since you are able to test all our software before buying it all sales are final and non-refundable

     

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