Is Cumulative Delta similar to OBV?

[heispark]

I guess they are more or less similar in 5 min or higher TF charts. Am I correct? Can anyone post a quick comparison screenshot for me? I am interested in divergence between price and cumulative delta. Since Thinkorswim doesn't support cumulative delta, I am considering using OBV instead.
Thanks!

 

[ducatista]

I don't use that indicator, but a quick google search shows that it may be possible via Thinkscript. Hope it's of some help

https://funwiththinkscript.com/indicators/cumulative-delta-volume/

 

[heispark]

A

I don't use that indicator, but a quick google search shows that it may be possible via Thinkscript. Hope it's of some help

https://funwiththinkscript.com/indicators/cumulative-delta-volume/

As far as I know, TDA's data feed has limited tick data and therefore cannot accurately represent cumulative delta volume information.......

 

[patrickrooney]

Check out TT CVD (Cumulative Volume Delta).

https://library.tradingtechnologies.com/trade/chrt-ti-tt-cumulative-volume-delta.html

 

[heispark]

Check out TT CVD (Cumulative Volume Delta).

https://library.tradingtechnologies.com/trade/chrt-ti-tt-cumulative-volume-delta.html

View attachment 205728

Thank you for the screenshot. It looks similar to OBV.....

 

[patrickrooney]

Yep. A bit smoother. Here's TT CVD and OBV on one chart.

 

[heispark]

Yep. A bit smoother. Here's TT CVD and OBV on one chart.
View attachment 205748

Thank you again for the screenshot. When I applied 3 period of EMA to OBV for smoothing, it looks better....

 

[easymon1]