cumulative delta histogram

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    ThallyThally
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    Hi all,

     

    I have been playing around with this excellent indicator https://www.prorealcode.com/prorealtime-indicators/tac-volume-cumulative/. Im trying to understanding what it is exactly calculating as the documentation with it is limited.

    What I’d like to replicate is this https://mboxwave.com/mcumulativedelta-indicator. It looks like a great tool for identifying turning points in the market – i.e. divergence between cumulative delta histogram and price action. Its for Ninja Trader and Sierra Charts and the code is proprietary. However it seems to summing the bid/ask delta over a defined look bak and presenting it as a histogram.

    It certainly looks as if TAC volume indicator is replicating this but I’d appreciate anyone else’s thoughts.

    Cheers

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cumulative delta histogram


ProBuilder: Indicators & Custom Tools

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Thally @rodger_dodger Participant
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Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 02/12/2020
Status: Active
Attachments: No files
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