spacemanbtc

Volume Delta

spacemanbtc Updated   
Volume Delta

This indicator aims to provide users an idea for momentum and exhaustion, via differentiating between the buy delta and sell delta.
The purpose of this indicator is to give a deeper dive into the data provided by tradingviews volume indicator with greater granularity intrabar from a HTF perspective! (suitable for 30min and up but will work as low as 5m)


Below we can see an additional 2 modes,
Split:

Delta:

The difference between the 3 modes include:
Split is a separation of the initial mode "Singular" it divides the 2 into separate axis positioning to allow for a different perspective of the same data.

Delta: Takes the difference of the 2 and makes it easier for users to see which side was in control, personally delta makes it easier to see DIVS in momentum and where exhaustion is occuring.
Release Notes:
Removed unused setting
Release Notes:
Made it compatible with more timeframes
Release Notes:
Just updated so zooming out wont hide the volume
Release Notes:
Updated capabilities, more data, will work on 1min and below too. Any bugs let me know
Release Notes:
Added toggle in settings

-Toggle to change data ingestion so all accounts can load the indicator (reduces data ingestion so less accurate)

Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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.

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