Indicator Name: ClusterDelta Delta
The Delta indicator shows the difference between market buyers and sellers. The indicator shows the difference between the volume executed at the Ask prices (bearish trades) and the volume executed at the Bid prices (bearish trades).
Delta is equal to the formula: Delta = Ask-Bid as opposed to Volume = Ask + Bid. This indicator shows the delta of each bar on the current timeframe.
The general idea of this indicator is that it shows the trend of the market. Analyze it together with ClusterDelta Volume on volume peaks. At this point, also look for delta spikes - this usually means that the trend is over (if it happens at the end of the trend), but also, if it happens at the beginning of a new move, it can be a powerful push of the price. Look at the delta, how the market reacts to it on some bars.
CLUSTERDELTA DELTA INPUTS DESCRIPTION
Panel is the indicator location. The Bookmap indicator works with the "Panel" value only
GUI show or hides the CumDelta Panel
Instrument - select a futures from the dropdown list as the source for data. Value AUTO causes automatic detection of the instrument using the cTrader ticker.
Alert Size is the absolute size of the Delta values (Positive or Negative) to initiate alert trigger when current value reaches it. The non zero value automatically enables the Alert Mode.
Reverse Data is an option for reverse the Bookmap data for reversed currency pairs except those that have name "USDJPY", "USDCAD", "USDCHF", "USDMXN". This option was added for compatibility, but in 99.9% of cTrader cases leave it "No".
Play Alert Sound is an option for the sound file to be played when an alert event is triggered.
Sound File Path must be an existing path to a sound file to play when an alert event is triggered. It must be filled by user in a format like the field below: "C:\Windows\Media\Alarm01.wav"
The default settings in cTrader display the indicator name on the chart, including all indicator values, and this makes tooltips really hard to read, so ClusterDelta's Indicators for cTrader use a little trick by putting general information in the variable names rather than their values. http://cde.lt is an official alias of https://clusterdelta.com for shortening urls
Help Url section is the URL to get the full documentation about indicator
Social Networks are the links to join our Discord and follow us in the Instagram
Click the Alert icon to enable/disable alerts. When enabled, two lines appear as the alert levels. The lines can be moved by the user to change the alert level.
This chart shows Delta indicator with active Alert Mode
