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Direct MessagesDate/Time: Thu, 02 May 2024 10:42:39 +0000
[User Discussion] - Cumulative delta
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| [2018-11-22 20:05:42] |
| User629089 - Posts: 93 |
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Hi, An educator that I follow uses Investor R/T charts and uses the cumulative delta study for volume on a 15 minute timeframe that is the same as the cumulative delta-volume on SC's for his analysis. In addition he has set up a cumulative delta read (based on 15 minutes) where each consecutive bar starts from a baseline of "0" instead of continuing to extend upward or downward if bullish or bearish. This is sort of like a histogram that extends on both side of "0" depending on bullish or bearish and looks to be quite helpful as you can see the delta based on that baseline. I don't think SC's can do this as I've tried to make that work. Is this study idea possible? Thanks |
| [2018-11-22 20:51:22] |
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Therefore this could not be a cumulative calculation. Probably you are interested in this study: Ask/Bid Volume Difference Bars Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2018-12-01 05:58:12] |
| User629089 - Posts: 93 |
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Hi, Thanks for the info you forwarded. Looking at the study I was referring to from the educator I mentioned on his Investor R/T charts actually has nothing to do with delta but instead bullish and bearish price movement. In other words let's say there's a rotation higher with 8.25 handles in the ES with a subsequent 5.00 handle pullback. The 8.25 handle move shows in this specific example 12 individual bars above the "0" line of the study in an upward histogram sort of format reflecting each bars movement up and high after the move starts. In turn there's 7 individual bars below the "0" line reflecting the 5 handle pull back lower with each bars movement lower and it's low. The study is based on a 4 tick Renko chart above with the >/< "0" study below. My bad thinking this was a delta study. Any ideas on this? Thanks |
| [2018-12-02 10:31:39] |
| User19165 - Posts: 346 |
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If I know the educator you are referring to (and I think I do), a semi-equal result can be achieved with the zig zag oscillator from the zig zag study. Be warned though, there is a big flaw with this indicator that I pointed out a year or so ago. It is measuring the swing size based on the bar close and not the swing high / low, like it is from your educators chart. Depending on your time frame, this can lead to very large difference in results. |
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