Recruitment of participants Volume Delta NT8

Volume Delta NT8



This indicator beautifully plots the volume delta of each bar, which is the difference between the total buy volume & the total sell volume of a bar. This is a SUPER IMPORTANT indicator used by successful trading professionals, and it can be a great fit for any trading system.

More wonderfully, ninZa.co's Volume Delta indicator allows you to filter volumes by specifying a preferred range of volume sizes, so that you can track the footprints and know the behaviors of a special group of traders. Here are some sample volume filters that you can set up:
Volumes from 1 to 5: Retail traders
Volumes from 6 to 19: Big professional traders
Volumes from 20 to 999999: Banks & hedge funds

The indicator lets you define 4 thresholds for strong & moderate volume delta. For example, you can set them as:
Strong positive delta: 150
Moderate positive delta: 50
Moderate negative delta: -50
Strong negative delta: -150