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Indicators for МТ4-MT5 / Premium / Cumulative Delta Indicators



Indicators of CumulativeDelta

Full Name: ClusterDelta_PremiumCumDelta_{version}
Indicator Modification: ClusterDelta_PremiumCumDelta_{version}_Chart

You should know that Delta Indicator show difference between ASK volume and BID volume. This indicator shows how delta changing during some period so it shows total summ of delta values.

Data looks like a curve of changing of cumulative delta or like OHLC delta chart in a separate window.

Common idea of this indicator so that it looks like the chart but sometimes there are divergence between price chart and cumulative delta chart. It maybe as a signal to trend reverse.

Premium Cumulative Delta (CumDelta) indicator use additional library so it can download data in background mode so this does not any effect like freezing to your terminal. Then next advantage that Premium CumDelta indicator shows data in Online mode without delay. Also Premium indicator can show history splitted data for a more than 2 years.

Description of parameters:

  • HELP_URL (default value "http://my.clusterdelta.com/cumdelta") - text comment that does not affect to indicator. This parameter contains URL of indicator description.
  • Instrument (default value "AUTO") - The brokers can use different tickers on the same instruments so you can use name of exact futures to get data from it. On value "AUTO" server try to determine futures using broker's ticker name.
  • MetaTrader_GMT (default value "AUTO") - each broker setup his MT server with different GMT. Unfortunately there are no bultin methods to determine it so server compares last time from terminal with its own. During any periods while market is off you should adjust this parametr manually.
  • Comment_History (default value "--- Premium Settings ") - this is just text comment, it does not any effect to indicator
  • Days_in_History (default value "0") - this parameter adjust length of history in days. With value "0" server adjust it to optimal value depends on timeframe.
  • Number_Of_Bars (default value "0") - the number of bars until end of chart to calculate cumulative delta.
  • Custom_Start_time (default value "2017.01.01 00:00") - if Custom_Start_Time and Custom_End_Time are different to value "2017.01.01 00:00" server loads history using custom period related to your parameters.
  • Custom_End_time (default value "2017.01.01 00:00") - see Custom_Start_Time
  • Reverse Settings (default value "--------- Reverse for USD/XXX symbols ---------") - this is just text comment, it does not any effect to indicator
  • ReverseChart (default value "false") - for USD/ forex pairs (exceot USD/JPY, USD/CAD, USD/CHF) you should set it to "true" so indicator data turn over to match chart of forex pair.
  • DO_NOT_SET_ReverseChart (default value "...for USD/JPY, USD/CAD, USD/CHF --") - this is just text comment, it does not any effect to indicator. The comment just shows the tip that you do not need to use ReverseChart for pairs like USD/JPY, USD/CAD, USD/CHF because indicator founds them automatically

    Important: you do not need to use ReverseChart for pairs like USD/JPY, USD/CAD, USD/CHF because indicator founds them automatically
  • Current_CumDelta (default value is Black) - color of current CumDelta value but in case that absolute value does not have a sense (and may change depends on start point) we recommend to set this value to color of background

Indicator Modification CumDelta_Chart shows delta changing inside bar during time period determined by timeframe and show it like OHLC bar. Parameters of modification are the same as original except two described below

  • Show_Cumulative (default value is true) - on true value CumDelta bars are shown as cumulative chart. On false - it looks like Delta Momentum (i.e. without cumulating) but in OHLC mode.
  • Update_in_sec (default value "19") - this parameter set frequency of data update (in seconds)

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