Delta Surge Indicator

The indicator is based on a simple calculation that counts the delta increase/decrease over a predetermined set of bars. 

The Delta Surge indicator measures changes in delta — the difference between buying and selling volume — across a specified number of bars. It continuously tracks whether the delta is increasing or decreasing and highlights signals when these changes meet your chosen thresholds. For example, if you configure the settings to detect a +15 delta increase over three consecutive bars, the indicator will generate a bullish signal once that condition is met. Likewise, sustained decreases in delta can produce bearish signals, allowing traders to quickly identify strong shifts in market pressure. 

Traders can adjust the number of bars and the delta volume in settings, adjusting the sensitivity of Delta Surge. Users may use this on any timeframe, but it does not have alerts. The Delta Surge indicator can be applied in data analysis to identify moments when market pressure is shifting rapidly. For instance, a trader may see consecutive bullish surges in delta, suggesting strong buying activity that could precede an upward move. Conversely, multiple bearish surges can highlight aggressive selling, helping traders prepare for potential downward momentum. By tracking these patterns, users can confirm entries, exits, or even filter other signals with real-time order flow strength.

Indicator type: Custom Script