Hi all,
I have been playing around with this excellent indicator https://www.prorealcode.com/prorealtime-indicators/tac-volume-cumulative/. Im trying to understanding what it is exactly calculating as the documentation with it is limited.
What I’d like to replicate is this https://mboxwave.com/mcumulativedelta-indicator. It looks like a great tool for identifying turning points in the market – i.e. divergence between cumulative delta histogram and price action. Its for Ninja Trader and Sierra Charts and the code is proprietary. However it seems to summing the bid/ask delta over a defined look bak and presenting it as a histogram.
It certainly looks as if TAC volume indicator is replicating this but I’d appreciate anyone else’s thoughts.
Cheers
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