The ZoneTraderPro Cumulative Delta Indicator now has divergence built in making it a more powerful trading tool. Have you seen divergence indicators that are based on momentum, RSI, MACD? What good are these? Why put divergence on a 50 year old indicator that is not based on real time information?
A divergence indicator is only valuable if it is based on real time information, and not other indicators. The indicator allows you to filter for order size. This way you have the ability to see only what the large lot traders are doing.
The indicator is now more powerful. It shows regular divergence, special divergence, and accumulation and distribution.
The chart on the right illustrates how powerful the indicator is. We see three winning accumulation long trades trades, two divergence short trades, and a divergence long trade. These trades add up to 25 available points in a little under a 3 hour period.