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Cumulative delta/ price divergence indicator for NT?
I mainly use cumulative delta and volume for my trading. It occurred to me that the cumulative delta would be more valuable if measured against price. Such as, delta goes negative and price does not go down = absorption. And vice verse, delta goes up but price doesn't move.
Sure, I can just watch for this to occur but I know sometimes I don't see it, or I think if there was an indicator there would be more precision.
Absorption seems to be a good signal for reversals. Has anybody seen an indicator like this, or similar?
I did a forum search before posting this and didn't come up with anything.
with the old nt7 version of the pas indicator, you had the option for cumulative delta divergence:
I found that approach rather difficult, especially the timing. also at times it can be contradicting:
I do like the use of delta divergences. but more in a bar to bar way. there're several threads about this topic. a current one including other good stuff is here:
I need some help understanding footprint charts (number bars in Sierra). I hear FT71 talks a lot about it and trepidation briefly described it in his YOLO journal here (
It appears to be an excellent way to guage what is truly going on in terms of …
I overlay my Cumulative Delta with OBV(brown line)....that shows a change in direction once you learn how to read it.....my chart uses unirenko 2/4/8 unless its moving to fast then I use 2/8/16...my cumulative Delta is my big Panel....
Jumping on this old discussion.
I am also interested in the ultra short time movements of the cumulative delta. (I am looking at 5 seconds gold charts)
I would like to see a cumulative delta sensitivity or elesticity to price movements.
Something simple like Price Change * Cumulative Delta calculated on each candle.
I expect positive numbers to indicate momemtum and negative will highlight divergences for analysis.
There are some tools out there that can use on the CD.
The two I have used are the UppDnn divergence indicator and the Ninzaco divergence engine. The chart has the latter indicator using the CD as the input series. There are also some freebies in the elite download section and in the user share section of NT's website, but I haven't tried them on CD.
I tried this before but couldn't find much just based on divergences alone, but maybe I didn't look hard enough - if you find something useful feel free to mention it
There is an extensive thread on CD divergence that might interest you if you haven't already seen it:
I am no expert in CDV, but as I learn more about it I wanted to start a thread to discuss trade ideas. If you see me making mistakes in my analysis, by all means let me know.
