Calculation Mode Changed on 3/18/09 in response to user requests
I've made a sweeping change to the cumulative delta indicator and posted it to this message. It is one indicator that lets you choose from the following 3 cumulative delta types:
1) Bid/Ask Volume
This is cumulation of the volume at the Ask - volume at the Bid
2) UpTick/DownTick Volume
This is the cumulation of the volume on upticks - volume on downticks
3) Tick Count
No volume in this calculation, just the sum of upticks - downticks
I believe this is a more efficient handling of the incoming market data and it may lead to resolving some of the "discrepancies" in the cumulative calculation. Please test it and report back to this thread.
Another enhancement in this version is you can completely turn-off the individual bar delta values (which were plotted as green and red dots in prior versions). This will prevent any undesirable scaling issues with the panel.
Finally, this indicator lets you specify a minimum volume per transaction, thereby letting you eliminate low-volume transactions from the calculation.
Let me know if you have any questions! Please test this indicator and report back.
Enjoy!
Ben
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