CUMULATIVE DELTA PRICE VOLUME STRATEGY
This is the result of testing this indicator for many years and my best recommendation towards a profitable trading strategy. I've been researching, tested and traded financial markets for 15+ years and tried almost everything. It's also a continuation of many previous threads involving this trading theory and philosophy. I've recently updated approach for the better. It's advanced how the indicator works and I might be sharing some background info later, but most important is how to trade it and that is described below where I tried to make it as simple as possible.
HOW TO SETUP
Steps for indicator and template setup (only works on Metatrader 5) MT5:
https://www.mql5.com/en/market/product/21009
1. Go through link or go to mql5 website marketplace and search for 'cumulative delta'
2. Install to your Metatrader
3. Download attached template and copy it into your Metatrader like this:
In Metatrader click top left corner 'File' > 'Open data map' (or use ctrl+shift+D) > 'MQL5' > 'Profiles > 'Templates' and copy paste attached template > Restart
4. Right click on chart in Metatrader and click 'Templates' and load 'CumulativeDelta'
5. Enjoy testing and trading with this method
HOW TO TRADE
1. Price lines are red and volume lines are green
2. Compare the lines
3. Assume both red price and green volume should follow each other and notice differences
4. Analyze when red price moves away from green volume and does not follow green volume
5. Trade the difference if both gap but most importantly the ratio of difference is big, for example if red price makes a move at least double in size, the bigger the difference the better trading opportunity. When red price makes significant move or gap both more volatile and higher ratio difference and lines below green, buy. When red price makes significant move or gap both more volatile and higher ratio difference and lines above green, sell. The bigger the ratio and length of difference, the higher probability of profitability (examples shown in later posts)
6. All timeframes and markets available in your Metatrader can be used and I recommend matching trade opportunities when signal is strong on more timeframes. Data is different for all brokers, so after you learn how to trade, data can be compared and overlayed on many different brokers for confirmation.
This is the result of testing this indicator for many years and my best recommendation towards a profitable trading strategy. I've been researching, tested and traded financial markets for 15+ years and tried almost everything. It's also a continuation of many previous threads involving this trading theory and philosophy. I've recently updated approach for the better. It's advanced how the indicator works and I might be sharing some background info later, but most important is how to trade it and that is described below where I tried to make it as simple as possible.
HOW TO SETUP
Steps for indicator and template setup (only works on Metatrader 5) MT5:
https://www.mql5.com/en/market/product/21009
1. Go through link or go to mql5 website marketplace and search for 'cumulative delta'
2. Install to your Metatrader
3. Download attached template and copy it into your Metatrader like this:
In Metatrader click top left corner 'File' > 'Open data map' (or use ctrl+shift+D) > 'MQL5' > 'Profiles > 'Templates' and copy paste attached template > Restart
4. Right click on chart in Metatrader and click 'Templates' and load 'CumulativeDelta'
5. Enjoy testing and trading with this method
HOW TO TRADE
1. Price lines are red and volume lines are green
2. Compare the lines
3. Assume both red price and green volume should follow each other and notice differences
4. Analyze when red price moves away from green volume and does not follow green volume
5. Trade the difference if both gap but most importantly the ratio of difference is big, for example if red price makes a move at least double in size, the bigger the difference the better trading opportunity. When red price makes significant move or gap both more volatile and higher ratio difference and lines below green, buy. When red price makes significant move or gap both more volatile and higher ratio difference and lines above green, sell. The bigger the ratio and length of difference, the higher probability of profitability (examples shown in later posts)
6. All timeframes and markets available in your Metatrader can be used and I recommend matching trade opportunities when signal is strong on more timeframes. Data is different for all brokers, so after you learn how to trade, data can be compared and overlayed on many different brokers for confirmation.
Attached File(s)