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
Parameters
Days To Load is the number of the days to load in history. To not overload server side do not use the big values. The "0" value uses the entire period that is loaded by NinjaTrader. Use the "Data Series" NT option (Ctrl+F) to change it.
Display Indicator GUI is a small graphical panel containing current access status (click to open the Authorizer), name of the indicator, ticker name of the data source and the alert icon
Alert File is an option for the sound file to be played when an alert event is triggered. The files located at the NinjaTrader_Install_Directory\Sounds directory
Alert on Delta Size is the absolute Delta alert value (will be used for both, positive and negative levels). The non zero value automatically enables the Alert Mode.
Instrument as Data Source - select a futures from the dropdown list as the source for data. Value AUTO causes automatic detection of the instrument using the NinjaTrader ticker.
Reverse Indicator Data is an option for reverse the indicators data (Delta+ ↔ Delta-) for reversed currency pairs except those that have name "USDJPY", "USDCAD", "USDCHF", "USDMXN". This option was added for compatibility, but in 99.9% cases in NinjaTrader keep it turned off.
Visual
Delta Positive Color is the color of the Delta Positive Bars.
Delta Negative Color is the color of the Delta Negative Bars.
Border Color is the color of the border around histogram objects.
Border Width is the thickness of the border around histogram objects.
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.
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