cumulative delta value line

[Lando Calrissian]

Hello, on cumulative delta indicator I clicked show value but the value is completely displaced onto another level not where the actual candle is
Thanks

[NinjaTrader_Erick]

Hello Lando,

Thank you for reaching out.

Cumulative Delta is simply the difference between bids and offers at a given price. Traded Volume is measure in bids and offers - bids indicate people are selling, offers indicate people are buying.

It also shows the cumulative value on the price axis. *This will tell you the accumulation of bids and offers for the whole trading day. So you can tell if a market is in favor of bids or offers based on the value. So this line is not meant to follow the next forming bar, rather it represents delta value, So you can tell if a market is in favor of bids or offers based on the value.

Let’s imagine we’re looking at ES. If we’re looking at Bid-Ask Charts we can imagine this scenario - if there are 3500 bids and 4500 offers at the price 4796.5, the bar at 4796.5 will have a net value of 1000 and point toward the offers side.

A market in favor of bids will be in the negative values and a market in favor of offers will be in the positive values. The bars will give you an idea of the immediate changes in the market, while the values on the price axis will give you a better idea of the big picture, since even big upticks in offer volume won’t necessarily mean anything in a market that is in the negatives for its day cumulative value. You can use the Cumulative Delta in these ways to get an idea of what direction the market is headed both long and short term.

Please let us know if we may be of further assistance.