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PipTick Cumulative Delta MT5

PipTick Cumulative Delta indicator shows the cumulative sum of the single delta volume values. It provides a perfect overview of the current order flow context and helps traders decide in which direction to trade. They can also choose whether the indicator will be displayed as a candlestick or line chart. Calculation of delta volume is based on our PipTick Volume Delta indicator.

As we all know, the forex market is decentralized and therefore we do not have a reliable information about real volume. We also do not know actual and historical values of the Bid volume (Sellers volume) and Ask volume (Buyers volume). But we can use tickcount volume of Bid and Ask prices to determine the activity of buyers and sellers! So, with our special algorithm we can get a very similar volume as in the futures market. With this functionality, we are able to analyze the flow of buy and sell orders.

How to use our PipTick Cumulative Delta indicator?

First, we must note that it is absolutely counterproductive to use our indicator on the higher time-frames. The number of buyers and sellers is balanced on the higher time-frames, so the indicator has no informative value. That's why we recommend to use it on the charts from M1 to M5.

The order flow context of the market should be analyzed for the last ten to thirty minutes. It is always necessary to assess the activity of both sides, buyers and sellers.

Basically, there are several scenarios of the order flow context:

Cumulative Delta Condition

Market condition

Cumulative delta grows

Cumulative delta stagnates

Cumulative delta falls

The market is in an uptrend

Buyers have the power to push the price up. Look for buy trade.

The battle between buyers and sellers is balanced. Look for buy trade.

Sellers try to push the price down, but fail to do it. Look for buy trade.

The market goes sideways

Buyers try to push the price up, but fail to do it. Look for sell trade.

No trade

Sellers try to push the price down, but fail to do it. Look for buy trade.

The market is in a downtrend

Buyers try to push the price up, but fail to do it. Look for sell trade.

The battle between buyers and sellers is balanced.Look for sell trade.

Sellers have the power to push the price down. Look for sell trade.


Recommendations

  • Do not switch between timeframes when the indicator works.


Main features

  • The indicator shows the cumulative delta chart
  • Simple comparison of the activity of Buyers against Sellers
  • Works on every timeframe
  • The indicator is non-repainting
  • Real-Time data needed
  • Saving the indicator values to a file
  • Excellent results in conjunction with Support and Resistance levels
  • Ideal tool for scalping
  • Very fast calculation
  • Available for MT4 and MT5


Inputs

  • Cumulative_Delta_Mode - Allows to choose between Daily and Custom Session settings
  • Record_Ticks_History- Allows to save the tick history data in to file
  • Line_Thickness - Thickness of Line Chart
  • Session_Start_Hour - Allows to set start hour if the session time mode is set. In other case the parameter is ignored
  • Session_Start_Minute - Allows to set start minute if the session time mode is set. In other case the parameter is ignored
  • Session_End_Hour - Allows to set end hour if the session time mode is set. In other case the parameter is ignored
  • Session_End_Minute - Allows to set end minute if the session time mode is set. In other case the parameter is ignored
  • Color_UpBar - Color of UpBar
  • Color_DownBar - Color of DownBar
  • Color_Line_Chart - Color of Line Chart
  • Alert - Allows to enable or disable alert notifications when the delta volume exceeds a certain value
  • Alert_Threshold - - Allows to choose a threshold value
  • Alert_Sound - Allows to choose the alert sound


Outputs

  • Volume_Delta - Value of delta volume
  • Volume_Bid - Value of bid volume
  • Volume_Ask - Value of ask volume

For more information, visit the PipTick Cumulative Delta product page.

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