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I use GomCD but would like to have a better understanding of the Cumulative Delta algorithm because it can be applied on volume but also on trades, etc...
This may look obvious, but I believe it is not. For ex, what happens when Bid=Ask.
I would appreciate your comments on :
1. the definition of cumulative delta volume
2. or, on the ninja pseudo code below.
Cumulatice delta volume is :
Delta is up when Price is at or above Ask, down when Price is at or below Bid.
when Ask = Bid, Delta is unchanged.