Didta
- Indicatori
- Mykhailo Zakervashevych
- Versione: 1.0
1. Overview
The DISH X Imbalance indicator is a sophisticated volume-based technical analysis tool for MetaTrader 4 that analyzes market order flow imbalance to identify potential trend reversals and fair value deviations. The indicator calculates two core values: DIDTA (Daily Imbalance Delta) and DIDFA (Daily Imbalance Delta Fair Value), providing traders with insights into buying/selling pressure and market valuation.
2. Core Components
DIDTA (Daily Imbalance Delta)
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Purpose: Measures the net order flow imbalance between buyers and sellers
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Calculation:
textDIDTA = (Cumulative Buy Volume - Cumulative Sell Volume) / Total Volume
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Volume Distribution:
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Bullish candles: 70% buy volume, 30% sell volume
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Bearish candles: 30% buy volume, 70% sell volume
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Doji candles: 50% buy volume, 50% sell volume
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Interpretation:
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Positive DIDTA = Buying pressure dominant
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Negative DIDTA = Selling pressure dominant
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DIDFA (Daily Imbalance Delta Fair Value)
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Purpose: Estimates fair market value based on volume-weighted average price (VWAP) and order flow imbalance
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Calculation:
textDIDFA = (VWAP + (DIDTA × Sensitivity × Current Price) - Current Price) / Current Price
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Interpretation:
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Positive DIDFA = Market potentially overvalued
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Negative DIDFA = Market potentially undervalued
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3. Visual Elements
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DIDTA Line (Blue): Main oscillator showing order flow imbalance
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DIDFA Line (Red): Fair value deviation indicator
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Buy/Sell Arrows: Visual signals on price chart
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Green up arrows = Buy signals
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Red down arrows = Sell signals
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Horizontal Levels:
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Overbought level (red line)
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Oversold level (green line)
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Signal threshold levels (gray lines)
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4. Signal Generation Logic
Primary Signals:
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Oversold Buy Signal:
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DIDTA < OversoldLevel (-0.7)
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DIDTA shows initial rise (reversal pattern)
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Overbought Sell Signal:
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DIDTA > OverboughtLevel (0.7)
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DIDTA shows initial decline (reversal pattern)
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Secondary Signals:
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Zero Line Crossover:
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Buy: DIDTA crosses above 0
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Sell: DIDTA crosses below 0
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Divergence Signals:
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Bullish divergence: Price makes lower low, DIDTA makes higher low
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Bearish divergence: Price makes higher high, DIDTA makes lower high
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5. Alert System
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Popup Alerts: On-screen notifications
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Email Alerts: Configurable email notifications
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Sound Alerts: Customizable audio alerts
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Push Notifications: To MT4 mobile app
6. Input Parameters
input int PeriodDIDTA = 20; // Calculation period input double Sensitivity = 0.3; // DIDFA sensitivity input double OverboughtLevel = 0.7; // Overbought threshold input double OversoldLevel = -0.7; // Oversold threshold input double SignalThreshold = 0.15; // Signal generation threshold input bool ShowAlerts = true; // Enable alerts
7. Usage Recommendations
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Trend Confirmation: Use in conjunction with trend indicators
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Multiple Timeframe Analysis: Check higher timeframe for trend direction
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Support/Resistance: Combine with key price levels
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Risk Management: Always use stop-loss orders
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Signal Confirmation: Wait for candle close before acting on signals
8. Technical Specifications
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Platform: MetaTrader 4
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Type: Separate window oscillator
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Buffers: 8
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Plots: 4
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Timeframes: All (M1 to MN1)
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Symbols: All (Forex, stocks, commodities)
