Unlike traditional bar types that use time and/or price as a basis to form a bar, the NinjaTrader Delta Bars utilize the Cumulative Delta. Similar to Renko bars, the NinjaTrader Delta bars contain trend and reversal parameters that allow you to modify how the bars are built. Because the Delta bars are formed based on supply and demand, they can provide much more valuable insight in to the markets.

Parameters

Trend Ticks

A new brick is created in the same direction of the current brick if the tick delta completes the trend ticks delta amount in the same direction. The LogikDeltaRenko grants the ability to specify the delta measurement to complete a bar in the direction of the current trend.  By having control over this parameter, it can be required to have more or less force in the current trend direction to continue the trend.  This parameters is in ticks. It can be seen through these images, that as the Trend Ticks decreases, the trend is more prominently dictated.  This is because as the threshold to complete a bar in the direction of the trend decreases, a bar is created in the direction of the trend more easily.

Reversal Ticks

A new brick is created in the opposite direction of the current brick if the tick delta completes the reversal ticks delta amount in the same direction. The LogikDeltaRenko grants the ability to specify the delta measurement to complete a bar in the opposite direction of the current trend.  By having control over this parameter, it can be required to have more or less force in the current trend direction to reverse the trend.  This parameters is in ticks. It can be seen through these images, that as the Reversal Ticks increases, the trend is more prominently dictated.  This is because as the threshold to complete a bar in the direction opposite of the trend increases, more pressure is required in the opposite direction to create a reversal bar.

Examples With Different Settings

The images below show the effect each setting has on the formation of the NinjaTrader Delta Bars.

Trading Delta Bars using Volume

When we see a Delta bar with a large range, the Volume of the bar can provide valuable insight.

Trading Delta Bars using Divergence

Divergence signals can also be very useful in determining market direction.

*** The Delta Indicator shown at the bottom of these images is not included with the NinjaTrader Delta Bars.

NinjaTrader Delta Bars

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Additional Information

If you would like more information about the NinjaTrader Divergence Indicator, feel free to ask questions in the comments section below, or email me at [email protected].