LonesomeTheBlue

Cumulative Delta Volume

Hello Traders,


This is Cumulative Delta Volume script. Delta refers to the difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume . The Cumulative Delta indicator plots as candlesticks or line. One of the main uses of Cumulative Delta is to confirm or deny market trends. you may need to search it for yourself ;)

You have option to see it as Candles or a Line. also there are options to show 2 SMAs and 2 EMAs with different Lengths, you can set the lengths as you wish.

By default it shows CDV as Heikin Ashi Candles, it can also show it as normal candles:

It can show CDV as a line:

Also you may need to check divergence:



Enjoy!



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Comments

Great work, Thanks! is it possible to scale it on a fixed scale? Like RSI or macd?
+7 Reply
@Owl, no as it's a chart. possible to write rsi or macd of it
+2 Reply
Awesome...!
Sir... for the future... do you have a plan to add a Trendline with the same script...?
+3 Reply
@MrMama, it exists in trend lines pro for indicators script
Reply
MrMama LonesomeTheBlue
@LonesomeTheBlue, Noted, and thank you very much...
+1 Reply
Really good stuff man, thx for sharing.
+3 Reply
@TJ_667, where did you get that stuff?
Reply
Most useful indicator but i thought it would have scale.
+2 Reply
Hello, As far as I compare, it is same as OBV, right?
+2 Reply
Thanks a lot for sharing :)
+2 Reply
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