Description
This popular indicator uses the difference between the bullish and bearish volume of a bar and sums it up cumulatively.
It’s like the mirror of price and it usually moves with price except for times that it diverges from price and shows that volume isn’t supporting the current price move, the divergence between cumulative delta and price can be used as a reversal trade signal.
Our Cumulative delta indicator not only shows the cumulative delta but also each bar bullish and bearish volume difference on a histogram.
The indicator uses our divergence recognition algorithm and marks the divergence setups on your chart and indicator window, you can disable the divergence recognition feature if you want to.
Features
- Works all time frames and for all symbols
- Recognizes the divergence setups
- Shows each bar bullish and bearish volume difference
- Trigger an alert whenever indicator founds a new divergence setup
- Fully customizable
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