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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Version 2.0.3.0
Release Date: April 25, 2020
Added: Now you can enable/disable the update check
Version 2.0.2.0
Release Date: March 24, 2020
Changed: Alert library updated
Changed: Updated to latest available cTrader automate API
Version 2.0.1.0
Release Date: January 8, 2020
Fixed: Not showing line output when candles parameter is disabled
Version 2.0.0.0
Release Date: November 3, 2019
Added: Candles, now the cumulative delta showed in candles instead of a line
Version 1.1.3.0
Release Date: October 21, 2019
Added: New parameters for showing/hiding cumulative line and delta
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There are no reviews yet.