V.C Box Chart Histogram draws the cumulative delta that correlates to another indicator named ''V.C Box Chart Index''. (In other words, ''V.C Box Chart Histogram'' & ''V.C Box Chart Index'' are correlated.)
V.C Box Chart Histogram draws the cumulative delta as histogram based on ''V.C Box Chart Index''. Combining these two indicators empowers you to see the cumulative demand & supply / cumulative buying & selling quantity of each box. You can also switch from cumulative delta mode to cumulative delta % from input settings. See the difference between simple delta & delta % mode from these examples.
Simple Delta Mode (Cumulative Demand & Supply)
In the above example, green & red boxes on the histogram show the cumulative delta of each box from the main chart. In simple words, these boxes show the cumulative net demand & supply of the corresponding box from the main chart. In this example, Big green boxes indicate demand is increasing, whereas small red boxes indicate that supply is decreasing.
Similar to the simple delta mode, in the above example, blue & red boxes on the histogram show the cumulative delta % of each box from the main chart. In simple words, these boxes show the cumulative & volume-weighted demand & supply of the corresponding box from the main chart. In this example, Big blue boxes indicate that demand is increasing, whereas small red boxes indicate that supply is decreasing.
V.C Box Chart Histogram Properties & Settings
Inputs
Choose Your Source: Allow you to switch from simple delta to delta % Choose color of the box on simple delta: Allow you to change the color of the box Choose color of the box on delta %: Allow you to change the color of the box
Style
Positive & Negative Simple Delta: Allow you to see the simple delta in the column format. Positive & Negative Delta %: Allow you to see the delta % in the column format. Boxes: Allow you to show/hide the boxes
NOTE: You can also see both delta formats in dual view mode. (in column & box at the same time to have a more precise & detailed look)
See Below Example
Disclaimer Note: V.C Box Chart Histogram is not a Buy/Sell signal based indicator or a holy grail trading system. It is purely a leading indicator that can help you to analyse demand & supply and buying & selling forces of the market in a smart & effortless way. Before applying this indicator to your analysis, you should have some basic knowledge about volume, delta, & supply & demand. Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
Hi, Just watching how this indicator works. It seems that it is extremely well to catch the Demand & Supply. How can I get this indictor, if I want to use? Please give the access. Thank you. (India)
VcTradingMethod
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@Tech_Milind, Thanks for the compliment. This indicator is a part of our trading method. (Volume Calculated Trading Method) Access related details can be read in Author's instructions.
VcTradingMethod
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@Tech_Milind, It is an advanced approach to analysing the market. Using the Box Chart instead of candles we see the height & length of the box & from the box chart Histogram, we analyse the demand & supply of each box. It's a leading tool/indicator, You may call it a variation of Order-Flow analysis. Thanks for such a detailed complement.
Tech_Milind
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@VcTradingMethod, Yes, it is related to Order Imbalance. Also it shows the demand or supply in underline asset. But basically it is plotted on the either Candle/Bar or Heikin Ashi charts, if I am rightly understand.
VcTradingMethod
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@Tech_Milind, Yeh, you are right, any type of chart can be used, but Candles/Bar chart is recommended.
Tech_Milind
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@VcTradingMethod, Yes, but,Sir, still I insist you to teach us more about #BoxChart. 🙏 I am excited to learn & improve my trading edge. Hope you make 2-3 videos. I know its time consuming, but then who will guide the traders other than you! I really appreciate your efforts. 🙇♂️👍
VcTradingMethod
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@Tech_Milind, Yeh, very soon detailed video workshops will be conducted. In which I will comprehensively elaborate on how to use these leading tools.
Tech_Milind
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@VcTradingMethod, Thank you Sir, eagerly waiting for your workshop. Please do let me know. Thanks a lot. 🙏👏👍
How can I get this indictor, if I want to use?
Please give the access.
Thank you.
(India)