MultiCharts: Trading Software for Automated Trading and Backtesting

Posted: **10 Mar 2013**

Since the new MC 8.5 let us to have a correct volume delta calculation (having a reliable datafeed) I'm wandering if it is possible to plot on a chart a simple delta indicator.

I mean for example to have on a 5 min chart the total delta for that bar, not a cumulative delta but just the delta of that chart, a simple histogram that would be positive if the delta is positive and negative if the delta is negative.

Is something that is already in MC or we need to code it?
tks
BMS

Posted: **18 Apr 2013**

BMS,

this might work for you.

If you want to look at the Delta for a specific chart, simply add an additional instrument with the exact same resolution as your first instrument, but as Cumulative Delta. You can set it to hide or make the bars invisible and then add the attached study.
In case the Cumulative Delta is a different datastream than Data2, you just have to change the input called "CumulativeDeltaDataStream" to the correct number.

ABC_BidAskDelta.pla: Delta Study by abctradinggroup.com; (3.85 KiB) Downloaded 810 times

Regards,
ABC

In case there is any problem in importing the attached file, here is the open code.

Code: Select all

{

   	program name: ABC_Bid Ask Delta

   	last change: 2013-04-17

   	version: 1.00

   

	Code Copyright 2013 ABC Trading Group 

	www.abctradinggroup.com 	All rights reserved. 

	

	Uses a second datastream to calculate the volume traded at bid and ask 

	

	ChangeLog: 	

		2013-04-17: First Version

		

	This study may be shared freely, as long as the copyright notice is included.

}





Inputs:

	CumulativeDeltaDataStream		(2),

	UpColor				(green),

	DownColor				(red),

	ZeroColor				(yellow);





Variables:

	MyDelta				(0);		



if Date <> Date[1] then

	MyDelta = Close Data(CumulativeDeltaDataStream)

else

	MyDelta = Close Data(CumulativeDeltaDataStream) - Close[1] Data(CumulativeDeltaDataStream);



Plot1(0, "ZeroLine", ZeroColor);



switch(MyDelta)

begin

	case > 0: SetPlotColor(2, UpColor);

	case < 0: SetPlotColor(2, DownColor);

	default: SetPlotColor(2, ZeroColor);

end;



Plot2(MyDelta, "Delta");

Posted: **01 Jul 2013**

Tks a lot ABC,
sorry but it is a long time I don't give a lood to the forum...
yes that's what I was looking for!!
I downloaded, compiled it and it works fine.

The only thing I noticed is that to me it works only if on the chart I have already the Cumulative Volume Delta; If I insert your indicator on a bar chart without the CVD it doesn't work
But it's fine also in this way!
Tks again,
regards
BMS

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