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Gom Delta

Ravindran
1w ago
Gom Delta

GomDeltaMomentum is an order-flow momentum indicator designed to track consecutive buying and selling pressure across price bars.

Key Features

Directional Accumulation: Continuously adds volume delta (Market Buys − Market Sells) as long as incoming order flow remains in the same direction, building a visual wave of sustained market pressure.

Instant Reset on Flips: Resets the accumulation to the current bar's delta as soon as opposing order flow takes over, making trend shifts and exhaustion easy to spot.

Histogram Visualization: Displays the absolute strength of accumulated pressure as a clear bar chart below price, color-coded in green (net buying streak) and red (net selling streak).

How to Use

Rising Green/Red Bars: Indicate strong, uninterrupted buying or selling conviction.

Sudden Drop in Bar Height / Color Change: Signals that opposing order flow has interrupted the streak, indicating a potential momentum pause or reversal. 

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by GoCharting. Read more in the Terms of Use.

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