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The Time And Sales Delta indicator offers a range of features that enhance its usability and effectiveness:
1. Delta and Cumulative Delta Display
The indicator displays the delta and cumulative delta based on the “Time & Sales” deals list data. This allows traders to visualize the difference between buying and selling volumes, providing valuable insights into market sentiment.
2. Customizable Timeframes
In addition to the standard timeframes, the indicator also displays data regarding the seconds timeframes (S5, S10, S15, S20, S30) to choose from. This flexibility allows traders to analyze market trends at various intervals and adapt their strategies accordingly.
3. Selectable Area for Volume Ratio
Using the rectangle tool, users can select an arbitrary area in the indicator subwindow to view the ratio of the volumes of deals of buyers and sellers within that specific area. This feature helps identify areas of high buying or selling pressure, enabling traders to make more accurate predictions.
Q: Which trading symbols are compatible with the Time And Sales Delta indicator?
A: The indicator works correctly only on trading symbols for which the list of deals “Time and Sales” is broadcast. For symbols that have tick history without the content of the list of deals, an interpretation algorithm is available. Each positive Ask tick is interpreted as the unit of volume to buy, while each negative Bid tick is interpreted as the unit of volume to sell.
Q: What are the different modes available for the indicator?
A: The indicator has various modes to choose from:
- Chart: Displays the price chart.
- Deals: Shows volumes of buy and sell deals.
- Delta: Represents the difference between the volumes of buy and sell deals.
- CumDelta: Displays the cumulative difference between the volumes of buy and sell deals.
Q: Can the indicator be customized to specific trading preferences?
A: Yes, the indicator provides several input variables that can be adjusted according to individual preferences. These variables include ticks (size of history), mode (indicator modes), viewpoint (limit or market orders), calculation mode (events, contracts, interpretation), cumulative start time, cumulative period, and exceedance contracts.
Independent Testing and Updates
For independent testing of the Time And Sales Delta indicator and to stay updated on the results, you can visit the forexroboteasy.com website. They provide comprehensive testing and analysis of various forex trading indicators, including this one. Additionally, you can subscribe to their updates to receive regular information about the performance and effectiveness of the indicator.
If you have used the Time And Sales Delta indicator in your forex trading journey, we would love to hear about your experience. Share your thoughts, insights, and success stories in the comments section below. Your valuable input can help fellow traders make informed decisions and maximize their trading potential.
Remember, the Time And Sales Delta indicator is an independent product review and not affiliated with any specific brand or individual. It is designed to provide professional forex traders with a comprehensive analysis tool for enhanced decision-making. Take advantage of its features and insights to elevate your trading strategies and achieve your financial goals.
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The indicator is working, helps determine the time to enter the market and minimizes losses from false transactions. The product is worthy, I recommend it!