@mijo212 Hi, thanks for this great indicator.
 

I have an idea for your indicator. Would you like to test price groups instead of every price? I mean now it shows every volume for 5digits prices right? I believe it would be more meaningfull if we could see price ranges. like for 10 pips instead of 1 pip maybe?

Best,

Hi @9600302

Here is my preliminary test notes;

First of all that showed me we might me in the right road. I just started testing and i found a strategy based on following delta divergences inside a zigzag wave. As its cumulative now (thanks to you) a trader can see that the cumulative delta is not moving while more buyers and sellers coming. That might be the key to that balancing wave thing which we talked before.

I just started testing but i see that when a zigzag wave stops the cumulative volumes also seperates as it should in a normal situation. But i think the trader should see the wave until the reverse zigzag is seen. So the delta divergences will be more obvious i guess? What do you think,

To sum up my offer is not to seperate data until the reverse zigzag is seen.

I used 8millions filter and 34 bars zigzag for my test. Here is a screenshot
http://pepperstone.ctrader.com/c/mFmyn
Best, 

@9600302 this is great news, I am really curious about what we'll find while testing the new version.

@9600302 great to hear from you, i would like to share some of my experience with you, (in search of the holy grail :D ) 

I always wanted to know the exact point of reversal, just like every other trader (even 1 without one pip missing), and to find this i gave up making profit for a while and start seeking for it. For some of my trades (about %10 at the moment) i find the exact tops even on 5 min charts just with having an avera rsi of GBPUSD and EURUSD. It really show me the way for many times. But of course there should be more to find the perfect solution.

In my search i also noticed that zigzag reversal just not about bigger bearish power or bigger bullish power. First the zig must be ready for the zag and this happens when the total power is in the balance but balance starts to turn to other side and right on that exact moment  if a bigger power comes it reverses. Bigger powers always come inside a zigzag wave but if the zig is not ready and not balanced yet it is just a fake signal which costs some other guy who did the sell or buy. So this might be a filtering method of volume spikes. (?) We wont know unless we try it :)

On range bars and renko bars this balancing zig and balanced zag theory was more obvious but not exact. So there is still sth we need to figure also for this filter.

And for the collecting data part seeing big money is important but it should be adaptive to the zigzags reversal points volume. I mean if we look for the money bigger than 20m for example there might be many reversals that just needs 3m volume and reverse power. Maybe an adaptive bell curve "c" area could help this and a's would be the needed power (again another question mark)

After figuring the basics then USD couples and against usd couple ask bid volumes it will give us the direction i believe. 

That what i got for now,
Best regars,

This is purely amazing! I have an idea about your amazing work. Would you like to try to collect data not just for a bar but for a zigzag wave? So it would show every zigzag waves true power. With the current version i believe it can be the ultimate reversal indicator.

And the other idea could be this;
- Collect all the major USD, GBP, EUR, JPY pairs ask bid volumes and show them in a total for given periods.
USD: 850M 
EUR: 460M 
GBP: 690M 
JPY: 410M etc

Don't you think this would give the perfect real time sentiment? Thanks for the amazing indicator again.