The Cumulative Delta Candlestick indicator from VolSys allows you to visualize through Candlesticks at the footer of the chart, the cumulative delta summation of each candlestick, that is, the difference between sell market and buy market, allowing the user to identify which side of the market is more aggressive. Candlestick display may make it easier for some users to identify divergences between cumulative delta and price.

INDEX

• Settings-of-Use
  • General
    • Database
      • 1. Volumes
      • 2. Trades
    • Filter min
    • Filter max
    • Restore-to-start-session
  • Average
  • Zero Line
  • Series

Settings-of-Use

Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the functionality of the indicator itself. 

• General

• Database

Defines which database to use for calculating the indicator, specifically you can choose from:

1. Volumes Indicate the amounts of contracts/shares traded

2. Trades  Indicate the number of exchanges, 

In other words, Trades indicate how often a financial instrument is traded, while Volumes indicate how much of the financial instrument is traded.

For example, an increase in the number of Trades without a corresponding increase in Volumes indicates that there is frequent activity but on small amounts. Conversely, an increase in Volumes without a corresponding increase in the number of Trades indicates that few traders are moving large quantities.

• Filter min

Lets you apply a minimal filter to the indicator; 

• Filter max

Lets you apply a maximum filter to the indicator, if the value 0 is left the indicator will not append any maximum filter;

• Reset to start session

If enabled, it allows you to restart with the cumulative delta calculation every session start.

• Average

Allows the ability to insert a moving average to the indicator;

• Zero Line
  

Allows for the ability to enable the zero line, which is the dividing line between a positive cumulative delta and a negative cumulative delta.

• Series

In this section you can define the colors of the indicator; the style of the series, choosing between Candlestick and OHLC and CandleBody; the line thickness.

You can change the color of the moving average, define its style and line-thickness. In addition, you can enable standard deviations from the moving average.

Finally, you can display the name and value, as well as insert a custom name, to each series.