This is a variant of the famous Cumulative Delta function.
The indicator is designed to spot trends, give a sign when it’s rewarding to buy pullbacks and indicate when the market is overbought or oversold.
The indicator oscillates between the Top- and the Bottom- line. If the Candlesticks are above the midline, we have a positive trend, if the Candlesticks are below the midline, we have a negative trend.
The Signal-line is responding to every relevant price move in the market. The signal-line indicates overbought and oversold areas as well as when it’s good to buy pullbacks in trends.
The Confirmation -line smooths out the values of the candlesticks and serves a confirmation-line of the current trend.
This indicator is perfectly combined with Parametric Oscillator (Expo).
HOW TO USE
1. Use the indicator to detect a trend or to stay in the trend.
2. Use the indicator to buy Pullbacks in trend.
4. Combine it with the indicator Parametric Oscillator (Expo).
INDICATOR IN ACTION
BTCUSD
WALL STREET
GOLD
BRENT
EURUSD
RENKO CHART
BTCUSD
EURUSD
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
----------------- Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
リリースノート
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Major improvements. --> Wicks can now be enabled!
Wick shows more clearly the difference between buyer and seller. The wick is green when there are more purchases than sales, and the wick is red if there are more sales than purchases.
If the green wick is longer than the red one there is a buying pressure.
If the red wick is longer than the green one there is a selling pressure.
Best Zeiierman
リリースノート
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Major Improvements!
Short signals are now added. These can also be seen as "Take profit areas" if you are long the market.
Clarification: This is not the real version of the cumulative delta. This is my interpretation of it.
Good day,
I would like to access and test this indicator! Thank you in advance!
Is this a request for a trial of a paid indicator, or is this free to use?
Zeiierman
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@jacksontdo, Hi, you should have access now :) this is a paid indicator , all information can be found on my website or send me a message :)
Best
Zeiierman
qwertnikola1b21bf2e602a4d4b
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how much does a subscription to a cumulative indicator cost
rhanna
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Thanks for sharing. its the best Cumulative Delta script out there on TV.
Hello, you have a very good indicator. Is it possible to use trial version? Do you have similar free indicator too? Thank you!
smultrontrader
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One of the best indicator out there. I'm glad that I found it.The indicator is now a part of my trading strategy. Thank you Zeiierman!
aatan
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The cumulative delta was great because it was able to very accurately and reliably identify pull backs in a trend using the signal. The fact that tradingview doesn't have cumulative delta but your indicator was able to simulate it very well is quite amazing. Paired with the parametric, I was able to do very well trading forex on the 15min time frame. I think it is a fantastic tool paired with support and resistance level
I would like to access and test this indicator! Thank you in advance!
Is this a request for a trial of a paid indicator, or is this free to use?