Volume Delta — Indicator by DocRR

volumedelta volume delta deltavolume priceaction priceactiontrading

Volume Delta is the difference between buying and selling power. Volume Delta is calculated by taking the difference of the volume that traded at the offer price and the volume that traded at the bid price. If delta is greater than 0 you have more buying than selling pressure. If delta is less than 0, you have more selling than buying pressure. This indicator also has a pivots and alarms. Before i create this indicator i'd try all off them on market but all off them seems doing wrong calculation. Price - Some people say "Price Action is King but actually DELTA is King!

By default, this indicator displays “Delta Volume and can be set to:
Plot Levels
Volume

Default TF:
1M

Strategy:
If you get 3 gren delta in a row its buying signal and visa versa for short. You can also use more confirmation with overbought\oversold level.

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