Investors vs Speculators Delta - yet another version of Investors vs Speculators - displays the ratio of major players' actions (Investors) to the actions of market traders (Speculators) as a colored histogram.
It has two configurable parameters:
- Period - calculation period
- AD method - accumulation/distribution calculation method
- Classical MT - standard as in MetaTrader
- Trade Station - as in Trade Station
Calculation:
Delta = Investors - Speculators
where:
- If VOL > AVG
Speculators = PrevSpeculators
Investors = PrevInvestors + AD
- otherwise
Investors = PrevInvestors
Speculators = PrevSpeculators + AD
- If AD method = Classical MT
AD = ((Close - Low) - (High - Close)) / (High - Low) * VOL
- If AD method = Trade Station
AD = (Close - Open) / (High - Low) * VOL
AVG - SUM/Period
VOL - tick volume
SUM - VOL sum with the exception of the current one (starting from PrevVOL) in the Period range
