kprsa

Monster Cumulative Delta Open

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After a few requests, the MonsterDelta is is now available with open source.
As mentioned before, it uses an approximation of Up and Down Volume (because they are not kept by Tradingview/not accessible by Pinescript).

The approximation is:

The "up path" on the "up" candle can be approximated by ( High-Low ).
The "down path" on the "up" candle can be approximated by (High-Close)+(Open-Low).

(and similar for the down candle, like in the 1st post.)

Total path=up path + down path.

Up volume = Tick volume * up path/total path
Down volume = Tick volume * down path/total path

Cheers,
kprsa

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Observe with script: "Price Channel v2"
+2 Reply
hello , can we review this code , this indi is not working properly. thanks
Reply
Hola, me confirmas si este indicador refleja la divergencias de delta del libro de órdenes , gracias.
Reply
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