first of all. Thanks for the great indicator.
Currently your indicator hast the comulative and noncomulative mode. Is it possible to implement an "oscillator" mode?
The reason why I ask is this. Lets take the ES. You have a lot of volume in the first an last hour. In between not so much. So you dont have much of change of the indicator when the volume is low.
If we could use "bid/ask delta / total volume" you would have a much more objective view, imo.
For example.
a) The total volume is 100.000. The bid/ask delta is 10.000. The indicator value would be 0.1.
b) Later in the day when the total volume is only 30.000 and the delta is again 10.000 the indicator value would bei 0.3.
In the "old" calculation it would be the same value +10.000 but at a) the delta is only 10% of the total volume. At b) it is 30%, so much more buing than in a).
Regards,
Tom
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