Cumulative Delta of Bull & Bear Balance Indicator
Is it possible to convert this study to ThinkScript?
https://www.tradingview.com/script/KbjIReFm-Cumulative-Volume-Delta/
Is it possible to convert this study to ThinkScript?
https://www.tradingview.com/script/KbjIReFm-Cumulative-Volume-Delta/
Published in October 2003 in S&C magazine, Vadim Gimelfarb's article, "Bull And Bear Balance Indicator," describes a method of deducing market sentiment from close-to-close price movement. His system uses the various possible relationships between the previous close and current open, high, low, and close. Based on the pattern that each day exhibits, the indicator uses a pattern-specific calculation to determine bull and bear strength for the day.
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