Cumulative Delta Divergence Indicator
THIS INDICATOR NOTES THE DIVERGENCES BETWEEN THE CUMULATIVE DELTA VOLUME AND THE PRICE) WITH THE PURPOSE OF IDENTIFYING A POSSIBLE REVERSAL OF TREND.
When the price records a new low from the previous low that diverges from the cumulative delta, we are close to a probable price reversal. same situation with a new maximum, higher than the previous one, diverging from the cumulative delta.
when the indicator detects the divergence, it emits an audible warning, together with a push notification on the mobile terminal. the notification arrives at the close of the first candle when the divergence occurs.
the indicator works with real volumes or tick volumes.
for currency pairs it is necessary to select the tick volume, while for indices, commodities, bonds if you have a broekr with real data flow, it is advisable to select "real volume" as it is the real volume that moves the price.
the indicator works on any timeframe and on any instrument.