The Elite Circle - Delta EMA Indicator V1.0
futures io

Categories Help    

The Elite Circle
File sharing for Elite Members only, includes any and all platforms and file types

Delta EMA Indicator V1.0 5 *
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 
Suggest other entries I might like
Details: Delta EMA Indicator V1.0
Category: The Elite Circle 

September 14th, 2011
Size: 13.68 KB
Downloaded: 1723 times


Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada),
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.