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.
February 4th, 2013
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nickse2003
It's base on the d9 ParticuleOsc from sefstrat. It has the inputs:
Period: 10
Phase: smoothing parameter(ex:-50 or 50)
Price_typeclose)
ZLRcolordown(red) it's for the divergence signal of extreme point
ZLRcolorup(green)
ZLRsensibility(3) reference of how many bar to look to compare the divergence
PLotZLRfirstArrow(true) If you want only the first dot appear chose true othervise choose false for all signal.
It's a conversion from ninjatrader to multichart.
Hope people will enjoy
Philloo
V.1.1 change the display of the dot. It was causing some of them not seing it. I change tick scale to Bolllingband.
March 8th, 2010
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philloo
This is a custom bar type which is based on the Bid Ask Delta (Ask Volume - Bid Volume).
A new bar is created when the Delta is greater than a given Threshold-Value defined in the Data Series Properties.
The archive also contains a custom Delta indicator specially coded to work with this bar type.
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:
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
January 11th, 2023
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bmaran
The candles are representative of the individual delta bars. The dotted line is the cumulative delta since the sign change. So if we start to go positive it sums up all the positive bars.
the data series is not written in the indicator you need to set that in the
-Format Study
-Base Study On
-Select Data
To get my same format, you may need to make it look like candles, you may need to set in the
-Style
-Plots
Close = Type Right Tick
High =Bar High
Low = Bar Low
0 = Left tick
February 23rd, 2016
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Sim22
Delta Package V3 NT8.0.2 now with commitment of traders (COT) and heiken-ashi
Update Feb 2017: Changed "Show above / below EMA colors" to false to avoid confusion.
Minor fix 30 Dec: Added ability to change bar width manually. Note, if you have any custom built strategies using DeltaV3 then you will have to adjust your code as per the strategy sample included.
New: Sample code for use in a strategy is included. The strategy does not do anything, it simply shows how to access the delta values. It works, I've tested it. Make sure you use TickReplay on your host chart if you want historical values accessed within a strategy.
Includes everything from V2 here as well as these additions:
1. Commitment of traders: high, low and total.
2. EMA plot: Set to normal, gapless and reset at session open.
3. Heiken Ashi: Chose from the algorithms of Dan Valcu (standard) or Sylvain Vervoort.
4. Painbars based on delta values or above/below the ema.
Plus general improvements......
Make sure you enable Tick Replay to use this historically! You will not need Gom recorder for this.
However, Tick replay will not work with some Renko bars due to RemoveLastBar()
*Occasionally if the bid/ask plots don't look quite right, especially if you haven't connected for a few days, make sure you right-click on the chart and select "Reload all Historical Data".
** Please report bugs to me via PM rather than in the comments. Thank you.
Here is a picture of how you can use delta for your trading.
I am not affiliated with this person or website, but you can get some ideas here.
November 8th, 2016
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Sim22
Uses a 2 out of 3 vote from CDMomentum, DeltaMomentum and CDCycleMTF to identify overall bursts of Cumulative Delta energy in one direction or the other.
Used with the 'Scoop' option, will identify the first of these (in gold) that occur after a 'failed' period of buying or selling i.e. price went the other way.
May 13th, 2011 04:14 PM jimmcla For some reason this indicator doesn't work now if you download it from here, but if you go to Big Mike's post # 520 on
May 5, 2011 and download it from the d9ParticleOscillator thread started originally by sefstrat.....that works.
March 21st, 2011 01:11 AM jimmcla Thanks for doing this conversion, Philloo.
September 5th, 2010 08:49 AM handelaar Looks interesting, many thanks.
August 18th, 2010 06:16 AM yiman thanks very much works nicely in Multicharts
November 30th, 2022 09:56 AM zoomie Spectacular...Thank you
November 11th, 2022 12:52 AM chrisumerie Great work. Many thanks.
November 11th, 2022 12:51 AM chrisumerie
April 8th, 2022 01:28 PM Djt1102 When I upload this onto my chart nothing loads in the new panels, do I need a specific data connection for this to load?
March 6th, 2022 06:11 AM augusta THANK YOU VERY MUCH
March 14th, 2024 06:10 AM Leafcutter Although I downloaded this bar type years ago I never used it and didnīt realize the benefit that it provides
in terms of anticipation of the directional change...till a few months ago. In combination with the delta indicator tha
t shows the delta next to the developing bar this bartype changed a lot for me! IThe bar type would even be better if th
ere was a possibility to automatically and dynamically change the amount of delta that is necessary to form a new bar i.
e. in addiction to the change in total volume so that increasing volume means relational increasing the amount of delta
to form a new bar. I even would pay you for programming that.
July 18th, 2023 03:17 AM XDiavel Thank you very much!
December 31st, 2022 12:49 AM viviancpy
October 31st, 2022 02:35 PM sigmatrader Is there a "Delta Bar" thread that has discussion of the use of this bar and its associated Delta indicator?