OPEN-SOURCE SCRIPT
Cumulative Symbol
This indicator attempts to show price source delta, mostly for intraday trading but may have applications on higher timeframes.
Choose a different symbol from the chart, or use formulas, pick price source (close, open, lows, etc) and a cumulation calculation type.
There are three to choose from and the tooltip provides the differences, they are as follows:
1) Basic - quite simply just takes the symbol source value and keeps a rolling summation
2) Advance or Decline - handles negative values as reductions to the cumulative calculation, useful to find delta pivot areas
3) Ratio - useful for ... ratio symbols ... such as market internals or your own custom ratios where 0 is balance/mid.
The trend line can be adjusted via length, histogram and trend colors indicate trend and directional shifts at a glance.
Since many ratio symbols, and some indexes, (looking at you NYA), don't offer volume I opted to drop it from this indicator.
I think every other indicator that tracks delta on TradingView makes use of volume and I couldn't find a single one that didn't and as such there is a gap in the vast library of indicators.
Enjoy!
Choose a different symbol from the chart, or use formulas, pick price source (close, open, lows, etc) and a cumulation calculation type.
There are three to choose from and the tooltip provides the differences, they are as follows:
1) Basic - quite simply just takes the symbol source value and keeps a rolling summation
2) Advance or Decline - handles negative values as reductions to the cumulative calculation, useful to find delta pivot areas
3) Ratio - useful for ... ratio symbols ... such as market internals or your own custom ratios where 0 is balance/mid.
The trend line can be adjusted via length, histogram and trend colors indicate trend and directional shifts at a glance.
Since many ratio symbols, and some indexes, (looking at you NYA), don't offer volume I opted to drop it from this indicator.
I think every other indicator that tracks delta on TradingView makes use of volume and I couldn't find a single one that didn't and as such there is a gap in the vast library of indicators.
Enjoy!
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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