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.
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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].
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