The Yonko Cumulative indicator tracks the net order flow of the market within a given time (i.e., the number of contracts bought vs. sold) and helps traders understand the underlying market sentiment, whether it's leaning toward buying (bullish) or selling (bearish). Although this indicator can function as a standalone, we highly recommend pairing this indicator with our Volumetric bar type in order to utilize it's full potency.
Key Features:
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Cumulative Delta: The running total of the delta (the difference between buying and selling volume) and can provide valuable insights into market strength, reversals, or potential trend continuations.
Divergence: Divergence is a disconnect between price action and cumulative delta. For example, if the price is making new highs, but cumulative delta is not, it can signal weakening buying pressure and a potential reversal. Conversely, if price is making new lows but cumulative delta is rising, it could indicate that selling pressure is decreasing, suggesting a potential reversal.
Entry Insight: Cumulative delta can help discretionary traders time entries and exits. For example, a strong, rising cumulative delta may encourage buying, while a falling cumulative delta could prompt selling or shorting.
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