This is an add-on for the Heikin Ashii and Volume Delta I requested and created by Walterw. All credits go out to Walterw for coding this up.

What this does is it spots the color divergence on the TTM and the Volume Delta. Whenever the TTM is blue but Volume Delta stays red, it will plot a dot on top of the price bar and vice versa.

What is important to remember is that this indicator should only be used to spot support and resistance at your predefined levels.

I have attached a snapshot showing how this indicator works. Notice the yellow line (daily pivot). We see more sellers there indicated by the red dots leading to a 30pt reversal.

[TinGull]

Soul, was there a way to get this to filter out the noise dots? I've had one built for Investor/RT and I can't figure out if there's a way to filter out some noise.

Thanks!

[Soultrader]

Yea... I was wondering the same thing. Im not sure how I could apply filter to noises because I use this tool at every pivot level. I also use it when the markets are rangebound and not respecting any pivot that I use. Do you want the dots to appear only at MP levels and pivot points?

[TinGull]

Yea, I'd love to see them mainly at those pivot levels, or like a certain tick amount prior. Like...only show signals if price is within 2 points of VAL, VAH or POC kind of thing. Hmmm.....gettin me thinkin.

Here's my chart, though.

[Soultrader]

I think its definitely doable. Especially if you set the parameters to lets say within +-1 pt (any amount here) at each pivot. My elementary level with coding will be of no help but I am sure someone can help you out with it.

Regarding this tool though.... its probably one of the simplest tool but yet I find it of tremendous use. The turning points are amazing.

[TinGull]

Yea, it is amazing.

[walterw]

Originally Posted by Soultrader »

I think its definitely doable. Especially if you set the parameters to lets say within +-1 pt (any amount here) at each pivot. My elementary level with coding will be of no help but I am sure someone can help you out with it.

Regarding this tool though.... its probably one of the simplest tool but yet I find it of tremendous use. The turning points are amazing.

Soul I will be working on it... cheers Walter.

[Soultrader]

Thanks Walter