have to say, I like this kind of analysis

this is similar, but the same time very different than the traditional delta divergence indicator. those 2 indicators will never give you the same signal (opposite use of delta).

here's a comparison. the delta divergence indicator has numbers (delta) and the pv indicator uses letters (buy, sell). lots of signals, but with some confirmation tools like vwap, dom etc, I believe both indicators can be useful. but again, I would only use range charts for this purpose



could also be used on a footprint chart:

@chartman,

I named it "gomPriceVolume".

it's still a work in progress. right now it only displays the delta difference between the last bar and the current bar. would like to add a few more options like volume difference and maybe a choice of text by the user.

also my version does not detect different bars (like inside, outside etc). it's only made for range bars. but please keep in mind, it's @cory indicator and I don't want to interfere.

you could also check my russian website for distribution

so it is not available for download?
thank you for your help

when it's ready and @cory don't mind, then of course I'll post it

...

of course not, I am positive I copied Gom code from one of yours.

last one, a favorite pattern on 5M. I am sure everybody getting tire of this by now.

this indicator , GomBidAskPVbyJackH is for followers of 'volume leads price' school. PV stands for Price Volume relationship.
The indicator is like a 3D puzzle watch the clip starts at 6:50 and take note so you won't miss finer details.
clip: youtube.com/watch?v=6IvuDv_cD5Q

link to indicator

Want your NinjaTrader indicator created, free? GomBidAskPVbyJackH

I cannot see the indicator in Ninja after I added the file in the custom folder.