Hi All,
This indicator was posted by Ben, for use with NT
"Delta Buy/Sell Volume, Tick volume or Tick count
Hello everyone,
I've made a sweeping change to the cumulative delta indicator and posted it to this message. It is one indicator that lets you choose from the following 3 cumulative delta types:
1) Bid/Ask Volume
This is cumulation of the volume at the Ask - volume at the Bid
2) UpTick/DownTick Volume
This is the cumulation of the volume on upticks - volume on downticks
3) Tick Count
No volume in this calculation, just the sum of upticks - downticks
I believe this is a more efficient handling of the incoming market data and it may lead to resolving some of the "discrepancies" in the cumulative calculation. Please test it and report back to this thread.
Another enhancement in this version is you can completely turn-off the individual bar delta values (which were plotted as green and red dots in prior versions). This will prevent any undesirable scaling issues with the panel.
Let me know if you have any questions! Please test this indicator and report back.
Enjoy!
Ben
Attached Files
File Type: zip CumulativeVolumeOrTick.zip (3.1 KB, 159 views)
Last edited by sbgtrading : 04-15-2008 at 05:25 AM. "
Does anyone here use Cumulative Volume(Delta Buy/Sell) indicator in conjunction with Market Profile, and if so ,would it be possible to comment on how they have used it ?
Thanks in advanced for any feed back
Cheers
Michael Bethell