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Delta EMA Indicator V1.0
Delta EMA indicator based on Gomi's excellent contributions. I built this indicator to normalize delta for any instrument and provide delta user inputs for the following categories:
1. Extreme positive delta
2. Strong positive delta
3. Neutral Delta
4. Strong Negative delta
5. Extreme Negative Delta
I mainly modify the midtop 10.25 and midbottom of 9.75 settings to tweak the neutral delta and utilize different EMAs. Candle colors can be turned on and off. Very useful for spotting divergences or when order flow could be weakening. Attached chart shows trading with the order flow than against can result in higher probability trades.
A label based on the above parameters is plotted in the right hand side of the indicator if you set your chart properties to Right Hand Side Margin of 85.
This indicator has only been used/tested with Renko charts and users need to have the latest version of the GOM package installed.
Ninja 7.0.1000.7 version
Please email if there are any questions.
ps: I had difficulty exporting this to a zip so have included as a .cs file
Category
The Elite Circle
Details:
Delta EMA Indicator V1.0
Category:
The Elite Circle
September 14th, 2011
Size: 13.68 KB
986
djkiwi
Comments/ratings
Big Mike
September 15th, 2011 01:55 AM
No Comment
Trafford
September 15th, 2011 11:23 AM
djkiwi
Many thanks for your work!
zt379
September 16th, 2011 08:00 AM
Many thx djkiwi
peglegtrading
September 22nd, 2011 03:35 PM
excellent confirming indicator
bobc635
October 6th, 2011 05:55 PM
I am a huge fan of Gomis CD's.... Thanks so much for getting this done. I cant wait to give it a try!!!
yiman
October 26th, 2011 09:06 AM
luvly jubbly
TraderG
November 13th, 2011 12:20 PM
This is beautiful!!!
schuster21
June 19th, 2012 04:16 PM
many thanks, very usefull.
sigmatrader
January 30th, 2017 06:53 AM
Great work! Has an NT8 version been created ? Perhaps one that uses the NT8 tick replay option?
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