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Date/Time: Fri, 03 May 2024 15:42:40 +0000

Post From: cumulative delta and price bar divergence

[2013-12-06 15:37:10] Link To Thread - Link To Post [Go To First Post]
User31737 - Posts: 73
I am trying to figure out how to integrate a basic signal that would highlight the up bar/down bar divergence between cumulative delta bars and main price chart ( I use tick or volume bars primarily) To explain the simple divergence I am looking at: assuming up candles are colored blue and down candles are colored red, I want to see when the cumulative delta bar is blue, and the main price candle is red and the opposite, when the CDB is red and price candle is blue, and then draw a simple graphic(dot, star, arrow, etc) on the main price chart to highlight this divergence. I have looked at the delta divergence study, but I want to use the cumulative delta study that resets at beginning of trading day, not the lookback based approach in the provided study. Tomgilb? this sounds right up your alley any suggestions/help from anyone would be truly appreciated thanks