YJ Yi
asked this on March 02, 2011 07:39
Hi, I want to create a signal which lets me know when the cumulative delta of prices hits certain value, is it possible to do it? For example, during the day a signal marker will appear at the price which has cumulative delta above x.
Comments
This is fairly straightforward to do in RTL, using the VB token, with an Accumulate option. You would need the Professional version of MarketDelta to accomplish this. The syntax would something like:
VB > X
Where "X" is your threshold. Then you would configure the VB token appropriately.
For tutorials on RTL, see this page:
http://support.marketdelta.com/entries/372394-rtl-tutorials-for-cus...
Correct me if I am wrong, but the Accmulate option in VB returns the accumulated delta for the day not the price with the desired accumulated delta, no?
I was thinking you meant the cumulative delta for the day across all prices, not just for specific prices. You may wish to see this post in our Feature Requests forum:
http://support.marketdelta.com/entries/198843-rtl-tokens-for-fpbs-a...
At this time, what you are describing is not easy or nearly impossible to do with RTL, though we are considering a development that would make it possible.
Actually, one possibility is to create a 405-minute periodicity chart, where each bar is for the entire day, and then use the VPS RTL token to do what you want. This should work as expected. If you really needed the signal on a different periodicity, you would need to use the multiple periodicity token as well, MPD.