
Cumulative Delta Volume Indicator with divergence signals
Overview The Cumulative delta volume indicator shows the cumulative delta volume traded for each session. At the start of each session, the cumulative delta volume is reset to 0. From there on transactions occurring on the Ask are considered buying pressure and are added to the total, and those occurring on the Bid are considered selling pressure and are subtracted from the cumulative total When the cumulative delta volume is positive it means that there are more buyers in the market than sellers in the current market and vice versa. The cumulative delta indicator can be used as a simple but efficient confirmation of the uptrend/downtrend. When price makes a pullback in a trend but cumulative delta stays strong then we have more confidence that the trend will continue after the pullback It can also be used to determine if a trend is losing steam and about the end. When the price in an uptrend is continuing to go higher, but the cumulative delta volume is declining then it's like that