Delta Force

Delta Force 1.0

By extracting volume from multiple timeframes Delta Force is able to give a powerful volume-based understanding of price movement, with readings of direction, speed and acceleration, it can accurately give you insight on how volume and price interact.

Using lower-timeframe data association, we can circumvent the absence of bullish and bearish volume. After normalizing the data to 0, the indicator can show you useful extrapolations of volume that can help you make informed trading decisions.

Breaking down the plots, the Indicator shows:

• Delta Force 1 (longer length)
  
• Delta Force 2 (shorter length)
  

Plot and Bar Coloring Types (determining direction) are:

• Reference Based (References previous values)
  
• Moving Average Based (Uses a combination of MAs to determine direction
  
• None (No bar coloring)
  

Color Meanings:

• Green - Long-term Up + Short-term Up
  
• Blue - Long-term Up + Short-term Down
  
• Red - Long-term Down + Short-term Down
  
• Purple - Long-term Down + Short-term Up
  
• Grey - no meaningful direction
  

Adjustable Settings:

• Timeframe
  
• Length
  
• Direction Formula (MA based / Reference Based / None
  
• LTF Candle Split (the number to split the current timeframe into to grab ltf data)
  

Versionshinweise:

added a bunch of stuff. Some still in building stage.

Versionshinweise:

New Upgrade

Versionshinweise:

Made the scale not stoopid