Volume Delta and Cumulative delta Indicators(Free)
Volume Delta and Cumulative delta - Ninjatrader8
What is Volume Delta?
Put simply, Volume Delta is the difference between buying and selling pressure, calculated on a per candle basis, and therefore may vary per time frame. It is an oscillator-type indicator, meaning that the volume delta revolves around zero.
When the delta is positive, there is more buying than selling volume. A negative delta implies selling volume is higher than buying volume. In some cases, when the buying and selling volumes are equal, the volume delta is zero
What is Cumulative Delta?
Cumulative Volume Delta (CVD) is a volume-based trading indicator that provides a visual representation of market buying and selling pressure by calculating the difference in traded volumes between the two sides. It is an expanded and improved version of the Volume Delta indicator, which can better assist traders in making decisions in the market.
Mostly uses for Spot Divergence in Markets.
What's included