The Elite Circle - XavDeltaOscillator
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XavDeltaOscillator 5 *
XavDeltaOscillator

This indicator is a Market Delta Oscillator. It plots Delta (Dark Gray and Silver), a fast HMA of Delta (Green and Red), a slow HMA of Delta (Cyan and Fuchsia), and the difference between the fast and slow HMA's.

The Moving Averages are colored based on whether they are rising or not. The difference is colored based on whether it is increasing or not. Market Delta is also colored based on whether it is increasing or not. You can turn off the Market Delta plot.

I have started a thread called Delta Oscillator Discussion where anyone can post comments or suggestions.

Enjoy

Edit 7/20/2012: Fully functional GOM Framework version can be found here:
https://futures.io/elite-circle/21773-delta-oscillator-discussion.html#post242741


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July 18th, 2012
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