NinjaTrader Delta Bars
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.
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.
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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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