VolumeDeltaM1

This indicator provides tick volume delta analysis on M1 timeframe. It monitors up and down ticks and sums them up as separate volumes for buys and sells, as well as their delta volumes, and volume clusters on price scale within a specified number of bars. This indicator complements VolumeDelta, which uses similar algorithms but does not process ticks and therefore cannot work on M1. VolumeDelta can show its signals on entire history because it reads M1 volumes for calculations on higher timeframes, while VolumeDeltaM1 collects "tick" statistics on M1 online and can show signals only on those ranges when the indicator was online and saved live data into special files (1 file per day).

The indicator can work on a higher timeframe by reading data collected on M1. To save ticks into the file it's required to have an instance of the indicator on M1.

This is a limited substitution of market delta analysis based on real volumes, which are not available on Forex.

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