OPEN-SOURCE SCRIPT
Updated Order Flow Delta Tracker

orderflow manager where you
Delta bars: Show net buying/selling per candle.
Cumulative Delta: Helps identify hidden buying/selling pressure.
If price rises but cumulative delta falls → possible hidden selling (divergence).
If price falls but cumulative delta rises → hidden buying.
Delta bars: Show net buying/selling per candle.
Cumulative Delta: Helps identify hidden buying/selling pressure.
If price rises but cumulative delta falls → possible hidden selling (divergence).
If price falls but cumulative delta rises → hidden buying.
Release Notes
The Order Flow Delta Tracker is designed to simulate key order flow dynamics using available TradingView data like volume, price movement, and delta (buy volume - sell volume).This tool helps traders identify buying/selling pressure, absorptions, imbalances, divergences, and spike events — even without direct access to full order book data.
🛠️ Main Features:
Delta Plot: Real-time delta (buy volume - sell volume) for each candle.
Cumulative Delta: Tracks net market pressure over the last 50 candles.
Session Cumulative Delta: Delta reset at the start of each new trading day/session.
Imbalance Detector: Highlights candles showing significant rejection or imbalance.
Absorption Signals: Marks where volume spikes with low price movement (possible hidden buying/selling).
Bearish Divergence Detection: Flags when price makes a higher high but cumulative delta fails to confirm.
Delta Spikes: Highlights sudden surges in aggressive buying or selling.
VWAP (Volume-Weighted Average Price): Plotted for session-level trend reference.
Normalized Price Plot: Visual comparison of price movement normalized across 50 candles.
Delta-based Bar Coloring: Bars colored by net delta to quickly assess buying/selling strength.
🔥 Use This Script For:
Spotting hidden accumulation/distribution.
Identifying trap zones or exhaustion moves.
Confirming entries/exits with order flow confirmation.
Detecting fakeouts or reversals early via delta divergence.
Enhancing price action strategies with volume context.
⚡ Notes:
This script simulates order flow based on volume and price action because full bid/ask and Level 2 data are not available through TradingView.
Works best on lower timeframes (1m, 5m, 15m) for active traders, but can be adapted to higher timeframes too.
Tune parameters (like cumulative delta length or spike threshold) according to your trading style.
✅ How to Use:
Combine Delta Tracker with your price action setups.
Watch for divergence between price and cumulative delta.
Use imbalance zones and absorption markers to plan potential reversals.
Use Delta Spikes to time aggressive entries or exits.
VWAP provides session trend context (bullish/bearish bias).
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.