Summary of "馃摜 Cumulative Volume Delta Indicator in TradingView - Free Download - [TFlab]"
The video discusses the Commodity Volume Delta Indicator available on TradingView, highlighting its utility for volume-based traders. The main financial strategies and methodologies presented include:
Key Strategies and Features:
- Indicator Access: Instructions on how to find and add the Commodity Volume Delta Indicator on TradingView.
- Indicator Functionality:
- Identifies bullish and bearish trends based on trading volume.
- Spotting price divergences relative to volume, indicating potential price movements.
- Settings Customization:
- Cumulative Mode Options: Three modes available - Total, Periodic, and EMA (Exponential Moving Average).
- Volume Calculation: The total mode collects volume from start to end, while periodic and EMA options provide different calculations.
- Delta Period Setting: Default is set to 21, which can be adjusted.
- Market Specification: Ensures accurate data by specifying the market type (Forex or crypto).
- Volume Display Types: Options for how volume data is visually represented on the chart.
Methodology:
- Access the indicator on TradingView and add it to favorites.
- Customize settings under the input section to adjust cumulative modes and volume calculations.
- Monitor price trends and divergences using the indicator for trading decisions.
Presenters/Sources:
- TFlab (YouTube channel)
Category
Business and Finance
