Cumulative Delta Indicator

Our Cumulative Delta indicator shows the cumulative sum of the single delta volume values. It provides a perfect overview of the current order flow context and helps traders decide in which direction to trade. They can also choose whether the indicator will be displayed as a candlestick or line chart.

The calculation of delta volume is based on our Volume Delta indicator

As we all know, the forex market is decentralized, so we do not have reliable information about the real volume. We also do not know the actual and historical values of the Bid volume (Sellers’ volume) and Ask volume (Buyers’ volume). But we can use tick count volume of Bid and Ask prices to determine the activity of buyers and sellers!

So, with our unique algorithm, we can get a similar volume as in the futures market. We can analyze the flow of buy and sell orders with this functionality.

How to Use Our Cumulative Delta Indicator?

First, we must note that using our indicator on the higher time frames is counterproductive. This is because the number of buyers and sellers is balanced on the higher time frames, so the indicator has no informative value. That’s why we recommend using it on the charts from M1 to M5.

The order flow context of the market should be analyzed for the last ten to thirty minutes. It is always necessary to assess the activity of both sides, buyers and sellers.

There are several scenarios of the order flow context:

	Cumulative delta grows	Cumulative delta stagnates	Cumulative delta falls
The market is in an uptrend	Buyers have the power to push the price up. Look for a buy trade.	The battle between buyers and sellers is balanced. Look for a buy trade.	Sellers try to push the price down, but fail to do it. Look for a buy trade.
The market goes sideways	Buyers try to push the price up, but fail to do it. Look for sell trade.	No trade	Sellers try to push the price down, but fail to do it. Look for a buy trade.
The market is in a downtrend	Buyers try to push the price up, but fail to do it. Look for a sell trade.	The battle between buyers and sellers is balanced.Look for a sell trade.	Sellers have the power to push the price down. Look for a sell trade.

Recommendations

Main Features

The indicator shows the cumulative delta chart.
A simple comparison of the activity of Buyers against Sellers.
Works on every time frame.
The indicator is non-repainting.
Real-Time data needed.
Saving the indicator values to a file.
Excellent results in conjunction with Support and Resistance levels.
Ideal tool for scalping.
High-speed calculation.
Available for MT5.

Input Parameters

Cumulative_Delta_Mode - Allows choosing between Daily and Custom Session settings.
Record_Ticks_History- Allows for saving the tick history data into the file.
Line_Thickness - Thickness of Line Chart.
Session_Start_Hour - Allows setting start hour if the session time mode is selected. In another case, the parameter is ignored.
Session_Start_Minute - Allows setting start minute if the session time mode is selected. In another case, the parameter is ignored.
Session_End_Hour - Allows setting end hour if the session time mode is selected. In another case, the parameter is ignored.
Session_End_Minute - Allows setting end minute if the session time mode is set. In another case, the parameter is ignored.
Color_UpBar - Color of the UpBar.
Color_DownBar - Color of the DownBar.
Color_Line_Chart - Color of the Line Chart.
Alert - Allows to enable or disable alert notifications when the delta volume exceeds a specific value.
Alert_Threshold - Allows choosing a threshold value.
Alert_Sound - Allows choosing the alert sound.

Cumulative Delta Indicator

How to Use Our Cumulative Delta Indicator?

Recommendations

Main Features

Input Parameters

Output Parameters

Screenshots

Purchase

MetaTrader 5 version