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Isn't this just the same as the voloume delta indicator you use but just shown in a different way? |
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Yeah, I think it is. If you really want to get the most out of this one (or the volume/tick delta), you might want to look at aggregate volume over x number of periods, such as 7 or 14 bars.
All I can say is that looking at 1 bar delta volume just does not compare to seeing the 7 or 14 bar delta volume. Try it and see.