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Cumulative Delta (Expo)

DESCRIPTION

This is a variant of the famous Cumulative Delta function.

  • The indicator is designed to spot trends, give a sign when it’s rewarding to buy pullbacks and indicate when the market is overbought or oversold.
  • The indicator oscillates between the Top- and the Bottom- line. If the Candlesticks are above the midline, we have a positive trend, if the Candlesticks are below the midline, we have a negative trend.
  • The Signal-line is responding to every relevant price move in the market. The signal-line indicates overbought and oversold areas as well as when it’s good to buy pullbacks in trends.
  • The Confirmation -line smooths out the values of the candlesticks and serves a confirmation-line of the current trend.This indicator is perfectly combined with Parametric Oscillator (Expo).

HOW TO USE

1. Use the indicator to detect a trend or to stay in the trend.

2. Use the indicator to buy Pullbacks in trend.

4. Combine it with the indicator Parametric Oscillator (Expo).

 

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