DeltaID5 R002 DeltaVolume
Indicator inspired by the famous graphic MarketDelta. The indicator calculates the difference between the transactions committed on bid price and ask price, and transactions made at prices within bid and ask, considered as non-market impact.
value indicator shows the net difference between the volume of transactions carried out on the bid price and the volume of transactions carried out on the ask price, these transactions have a significant impact on price movement.
You can create trading systems and strategies using the "traditional" indicators with DeltaVolume indicator. In other words, you can use DeltaVolume, to "follow" other traders and "acknowledge" signals of the trading system by analyzing the actions of other traders.
In fact, with the indicator DeltaVolume you can see order flow, exposed to the market, and trade with it accounting.
- Attention: this indicator will not work with most Forex brokers, as they usually do not convey information about the price of the last transaction (for bid / on ask / costs between them).
- Warning 2: this indicator will not work in the strategy tester (as far as I know, even in the "Every tick").
- Warning 3: you can easily check whether you are getting the correct price bid / ask / last; 1) open market review; 2) Click on any symbol and then on the "Tiki" at the bottom; 3) press'B''A'And'L', Then you should see three lines (red, blue and green); 4) Make sure that the green line is present, and, most importantly, that it is constantly moving between the red and the blue line; If the green line is missing, or it constantly coincides with one of the other lines, the indicator will not work on this symbol.
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