I have a question on the Cumulative Delta Indicator that comes with Order Flow +.
My settings for this indicator are:
1. Delta type = BidAsk
2. Period = Bar
I compared the value of the Delta Close of this Cumulative Delta Indicator to the numbers shown on the Volumetric Chart.
Settings for the Volumetric Chart are:
Delta type = BidAsk so as to make them consistent
I found out that for the Volumetric Chart, if the Base Period Type is set to time-based (second, minute, day, week, month, year), the Delta (Bar) shown on the bar statistics at the bottom matches exactly with the Delta Close of the Cumulative Delta Indicator. But if the Base Period Type is set to non time-based, e.g. tick or volume, the Delta (Bar) shown on the bar statistics does not match with the Delta Close of the Cumulative Delta Indicator .
Please see the attached.
Can you explain why this is so?
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