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Indicators for МТ4-MT5 / Delta Indicators



Indicator of Delta

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.

There are some versions of this indicator.

Indicator of Premium subscription for МТ5:



Indicator of Premium subscription for МТ4:




Indicator of Standart subscription for МТ4:


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