OPEN-SOURCE SCRIPT
Aggregation BTC CVD
The script calculates the Cumulative Volume Delta (CVD) for multiple cryptocurrency exchanges, then averages these values and plots them.
Indicator Setup:
The script sets up an indicator called "BTC Cumulative Volume Delta (CVD) for multiple cryptocurrency exchanges", displayed as a separate panel (not overlaid on the price chart) with volume format.
Getting 1-minute data from multiple exchanges:
It retrieves 1-minute data (buy and sell volumes) for Bitcoin (BTC) against USD or USDT from several exchanges: Binance, OKEx, Coinbase (both BTCUSDT and BTCUSD), Bitfinex, Bybit, Huobi, and Kraken.
Calculating total buying and selling volume for each exchange:
For each exchange, it calculates the total buying volume (buy_vol_...), selling volume (sell_vol_...), and the difference between them (delta_vol_...).
It then computes the cumulative delta volume (cum_delta_vol_...), which is a running total of delta_vol_....
Calculating the average CVD:
It calculates the average cumulative delta volume (average_cum_delta_vol) by summing the cumulative delta volumes from all exchanges and dividing by the number of exchanges.
Plotting the average CVD:
Finally, it plots the average CVD with white color, and a line width of 2.
This script essentially provides an averaged Cumulative Volume Delta across multiple exchanges, giving a comprehensive view of buying and selling pressure in the Bitcoin market across these platforms.
Indicator Setup:
The script sets up an indicator called "BTC Cumulative Volume Delta (CVD) for multiple cryptocurrency exchanges", displayed as a separate panel (not overlaid on the price chart) with volume format.
Getting 1-minute data from multiple exchanges:
It retrieves 1-minute data (buy and sell volumes) for Bitcoin (BTC) against USD or USDT from several exchanges: Binance, OKEx, Coinbase (both BTCUSDT and BTCUSD), Bitfinex, Bybit, Huobi, and Kraken.
Calculating total buying and selling volume for each exchange:
For each exchange, it calculates the total buying volume (buy_vol_...), selling volume (sell_vol_...), and the difference between them (delta_vol_...).
It then computes the cumulative delta volume (cum_delta_vol_...), which is a running total of delta_vol_....
Calculating the average CVD:
It calculates the average cumulative delta volume (average_cum_delta_vol) by summing the cumulative delta volumes from all exchanges and dividing by the number of exchanges.
Plotting the average CVD:
Finally, it plots the average CVD with white color, and a line width of 2.
This script essentially provides an averaged Cumulative Volume Delta across multiple exchanges, giving a comprehensive view of buying and selling pressure in the Bitcoin market across these platforms.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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 TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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 TradingView. Read more in the Terms of Use.