Nifty Options CVD Chain

Nifty Options CVD Chain – Professional Strike-Level Volume Delta Tool

Nifty Options CVD Chain provides a clear and reliable view of option-side volume pressure by showing True TradingView CVD (Cumulative Volume Delta) for the most active NIFTY option strikes.
This tool is designed for traders who monitor option flow to understand market sentiment, absorption, and directional bias more effectively.

How It Works

The script automatically detects the ATM (At-The-Money) strike from the underlying NIFTY price and evaluates the two most liquid surrounding levels:

ATM CE & ATM PE

ATM +100 CE & ATM +100 PE

ATM –100 CE & ATM –100 PE

These ±100 strikes are typically the most traded, providing meaningful data for flow-based decision making.

All values are retrieved using TradingView’s native ta.requestVolumeDelta(), ensuring the same precision and methodology as the official CVD indicator.

Key Features
✔ True TV CVD (No approximations)

The indicator uses TradingView’s built-in algorithm for up/down volume classification.
No custom delta logic, no recalculated volume, and no synthetic estimations.

✔ Strike-Level Volume Delta Table

A clean, compact table overlay shows CVD for each strike, formatted in a professional K/M/B style with two-decimal accuracy.

✔ Automatic Strike Selection

ATM detection is based on the underlying symbol (NSE:NIFTY) and adapts automatically as price moves.

✔ Clear Market Insights

This tool helps you read:

CE vs PE volume imbalance

Short-term sentiment shifts

Absorption at key option levels

Flow-based trend continuation or exhaustion

Best For

Intraday & positional index traders

Option flow and order-flow interpreters

Traders who track CE/PE dominance

Anyone wanting a quick read of market pressure without scanning the full option chain

Notes

This indicator displays CVD ONLY for the selected strikes; it is not a full option chain.

Values depend on data availability from the NSE feed.

For best results, pair with your preferred price action or trend tools.