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cumulative volume price divergence

Candlesticks are formed by accumulative volume delta. Sell volume is subtracted from buy volume, and is mathematically expressed as: buy (positive values) + sell (negative values).

Buy volume, price divergence: Occurs when price ticks below the starting point price (from indicator running time), and there is accumulated buy volume delta (more buying than selling volume). Current candle's outline and wick is a thick magenta color during this time.

Sell volume, price divergence: Occurs when price ticks above the starting point price (from indicator running time), and there is accumulated sell volume delta (more selling than buying volume). Current candle's outline and wick is a thick cyan color during this time.

Category The Elite Circle

Details: cumulative volume price divergence
Category: The Elite Circle

February 4th, 2013
Size: 3.57 KB

Comments/ratings

chartman February 4th, 2013 08:03 PM

thank you nick for the indicator will test it tomorrow

COTtrader February 13th, 2013 04:16 PM

Excellent indicator. Works well without the color divergences. Trending markets will throw it off. What is does well is to show divergences. Are you able to apply a write data feature using GOM's framework? Need to see greater time of delta vol S/R. Thank you

xpert February 17th, 2013 07:29 PM

Thanks!

gpiero February 21st, 2013 05:23 AM

Thanks a lot!

Jaap8242 March 17th, 2013 04:26 PM

Thanks Nick. I will test this indicator tomorrow.

Herbert March 26th, 2013 04:12 PM

Thanks

MasterSS April 10th, 2013 03:08 AM

Thanks a lot!

d1david May 3rd, 2013 10:07 PM

Works great! It took me a couple minutes to realize that this is a "live" indicator and does not pre-load. Once I realized that.... worked great.

gann03 May 9th, 2013 12:30 AM

Thanks

kvnbrn May 13th, 2013 06:53 PM

I'm finding this very handy to spot divergences on ranging days. If only it had a Write Data feature. A combination of GOMCD and this indicator would be perfect. Thank you for your efforts. Much appreciated!

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