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Date/Time: Sun, 28 Apr 2024 14:57:58 +0000

Post From: Delta Divergence Alert Formula

[2019-06-26 19:33:16] Link To Thread - Link To Post [Go To First Post]
User929084 - Posts: 60
Hi. I'm trying to get signal when there is divergence between price and cumulative delta. Where the price bar closes up and delta closes negative and when price bar closes down and delta closes positive. I'm trying to get simple alert with study "Color bar based on alert condition". When I use this formula =AND(C<O,ID1.SG4>0) on ask/bid volume difference bars study it works fine. Where ID1 is ask/bid volume difference bars But when I use the same formula =AND(C<O,ID1.SG4>0) on cumulative delta bars- volume study it gives me signal on every price bar that closes down. Can this be accomplished with cumulative delta bars study by modifying this formula? I would like to get this done on cumulative delta, because I use it. And I do not use ask/bid volume difference bars. P.S. I found posts about the same thing, but no formula examples were provided, just custom studies that accomplish the same thing. And I would like to avoid that if I can. Thank you.