IT_DeltaCD
The IT_DeltaCD indicator uses T&S data to display an easy to read fast and slow moving average coupled with a histogram that is color coded to up/down volume delta.
Description
DeltaCD
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The IT_DeltaCD indicator uses T&S data to display an easy to read fast and slow moving average coupled with a histogram that is color coded to up/down volume delta. This indicator can be set to use the standard cumulative delta volume or the cumulative delta percentage methods. The slower line is very good at showing market direction while fast line seems to be a good divergence indicator.
As with all T&S data volume indicators, plots are real time (or replay) only and disappear if the chart is refreshed (F5).
NT7 version included.
Change Log
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1/22/2013 - Adjusted the code to be a bit more memory (ram) efficient.