Volume Analysis Tool is a technique to simulate tick data to get Buying and Selling in each bar to any asset .
* Delta Mode .
* Detailed mode - Buying and selling for each candle .
* Better understanding to the Accumulation and Distribution using analysis easily .
* Turn only one Mode(Delta or Detailed ) ON to let the indicator Shows you its magic .
* Search : by default it's 1 MIN . Note : if you want to change the value understand that the lower the value the better the Accuracy .
As a rule of thump use 1 MIN Search for these time frames ( from 5 min to 4 hours ) and 5 min Search for Daily time frame .
What is Cumulative Delta?
Delta refers to the net difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume.
*Using the Cumulative Delta Indicator
The Cumulative Delta indicator plots as candlesticks in a panel below the price at time information. One of the main uses of Cumulative Delta is to confirm or deny market trends.