[tucciotrader]

Is there anyone who figured out how to code Cumulative Delta & Volume Delta indicators for Multicharts??

In Multicharts prebuild indicators we have "Volume up" and "Volume dn", that are only uptick or downtick, they don't consider the real volume at bid or volume at ask.
An uptick can be made by a 1ctr or by 2000ctr that's not definitely the same thing.

DELTA VOLUME: it is the difference between volume traded at bid and volume traded at ask in a definite time frame (es 1min 5min and so on)

CVD: The cumulative volume delta is the algebraical sum of the single delta volume values

By the way what I'm telling now is, I'm not a programmer but just a trader but in Multichart we have:
- the possibility to plot the bid and the ask historically
- the possibility to have a tick by tick "last trade" with volume

It seems it's all we need to build those indicator I think...

I would love a line that tells the cumulative delta tick after tick!

Do you think there is any difference by setting the chart from 1 tick to 1 contract (Build Volume on: Trade Volume) and use UpTick and DownTick so that I can understand better Volume at Bid and Volume ad Ask??

[Tams]

EasyLanguage is not the best tool to do those jobs.

[tucciotrader]

can it actually be done anyway? I mean something like On Balance Volume

[Tams]

it can be done... but...
it is not just the language, the datafeed has to be accurate as well.
Most retail datafeed do not have the resolution to make such an analysis meaningful.

[tucciotrader]

ok so, if I have for example: date,time,price,volume on a tick-by-tick basis that is not enough? I mean by using uptick and downtick...have look at the attached file, please

[tucciotrader]

Also, I have noticed that an Italian trader (and programmer) have stopped by here and managed to code a CVD for Multicharts (along with the volume profile hisotgram I am still searching for the code)

[Tams]

Originally Posted by tucciotrader »

ok so, if I have for example: date,time,price,volume on a tick-by-tick basis that is not enough? I mean by using uptick and downtick...
..

how could you know the uptick is an uptick,
and a downtick is a downtick?

have you heard of aggregation?

:-)

[tucciotrader]

yeah you are right