I've not seen this indicator before...anyone familiar with Cumulative Volume Delta? TT has it in their charting package. I've been watching in for a few weeks since my group upgraded to 7x. It's seems pretty damn good. From what I gather, CVD captures buying pressure versus selling pressure in the market. I don't know how, but it makes sense...aggressive buying would predict a rally. Anyway, check out the chart...I missed buying this time (doh!) but I'm gonna keep an eye on this thing.
I have not but plan on it. My group has an intern and all he does is look for indicators. He scans avery indicator he can think of after a major move to look for 'what's working now' or what would have caught that move. He pulled this chart AFTER the move had been made but I'm impressed. I'm gonna watch this live throughout the week and post any findings.