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Indicators for МТ4-MT5 / Premium / Delta Indicator



Indicator of Delta

Full Name: ClusterDelta_PremiumDelta_{version}
Indicator Modification: ClusterDelta_PremiumDelta_{version}_Alert
Available for Terminals: MetaTrader 4, MetaTrader 5

Delta Indicator show difference between size of volume executed on Ask (Bears trades) price (or above) and size of volume executed on Bid (Bulls trades) price (or below). Delta equals formula: Ask minus Bid. This indicator show delta of each bar on the current timeframe.

Data looks like a histogramm in a separate window.

Common idea of this indicator so that it shows market tendention. Analyze it together with ClusterDelta_Volume on the volume spikes. At this place look also to delta spikes - commonly it means that trend is over (if it happens in the end of trend), but also if it happens in the begin of new move it can be power impulse to push the price forward. Look to the delta how market reacts on it during some bars.

Premium Delta 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 Delta 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/delta") - 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.
  • 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
  • Current_Delta_Positive (default value LimeGreen) - color of Delta value of the last (current) bar if delta is positive
  • Current_Delta_Negative (default value OrangeRed) - color of Delta value of the last (current) bar if delta is negative

    Attention: you should change colors of histogramm in Colors Tab of your settings panel

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