Fixed Quantum CDVWe took the original script Cumulative delta volume from LonesomeTheBlue, here is the link:
To understand the CDV you can watch traders reality master class about CDV.
This indicator show the ratio of vector color and the ratio of the cumulative delta volume from vector color.
First you select a date range on the chart. Then it calculate all candles in that region. Let's say there is 3 green vectors and 3 red vectors in the region, the ratio of vector color will be 50% for bull and 50% for bear vector. As for the CDV ratio, it will measure the total CDV inside green vector and total CDV inside red vector and make a ratio. But it is a little different.
I twisted the calculation for the ratio of CDV a little bit to make it more comprehensive in the table. Since it's the ratio of the CDV for the bull candles versus the bear candles, the CDV is almost always a positive number for the bull candles and almost always a negative number for the bear candle. So I calculated the bear CDV as a positive number. Formula: Bull_CDV_ratio = Bull_CDV / (Bull_CDV + Bear_CDV), Bear_CDV_ratio = -Bear_CDV / (Bull_CDV - Bear_CDV).
Note that when the bull CDV and bear CDV are both a positive number or both a negative number, the ratio percentage can be over 100% and under 0%. It means that we expect volatility.
Enjoy!
Delta
Volume composition / quantifytools— Overview
While net volume is useful information, it can be a blunt data point. Volume composition breaks down the content of volume, allowing a more detailed look inside each volume node. Volume composition consists of the following information:
Total volume (buy and sell). By default gray node.
Dominating volume (buy or sell). By default dark green/dark red node.
Dominating active volume (buy or sell). By default light green/light red node.
Dominating volume as percentage of total volume.
Dominating active volume as percentage of total active volume.
Buy and sell volume is defined by volume associated with lower timeframe up/down moves. This classification is further broken down to passive/active, standing for decreasing/increasing volume, e.g. a move up with volume higher than previous bar volume = active buy volume, a move up with volume lower than previous bar volume = passive buy volume.
Volume data is fetched from a lower timeframe that is automatically adjusted to fit the timeframe you're using. By default, the following settings are applied:
Charts <= 30 min: 1 minute timeframe
Charts > 30 min & <= 3 hours : 5 minute timeframe
Charts > 3 hours & <= 8 hours : 15 minute timeframe
Charts > 8 hours & <= 1D: 1 hour timeframe
Charts > 1D & <= 3D : 2 hour timeframe
Charts > 3D: 4 hour timeframe
Timeframe settings can be changed via input menu. The lower the timeframe, the more precision you get but with the cost of less historical data and slower loading time. Users can also choose which source to use for determining buy/sell volume, e.g. using close as source, a close that is higher than previous close would be considered as buy volume. This could be replaced with OHLC4 for example, resulting in a volume direction based on OHLC average.
Volume composition of current chart can also be replaced with any other chart volume composition:
— Visuals
Breakdown of visual elements:
1. Symbol and timeframe used for volume composition calculations. By default the chart that is viewed and automatically selected lower timeframe.
2. Dominating volume threshold exceeded. Can be defined via input menu, 70% of total volume by default.
3. Dominating volume as percentage of total volume. Plotted below volume nodes, without % symbol.
4. Dominating active volume, + or - symbol, standing for buy and sell. Plotted below dominating volume percentage. When dominating volume and dominating active volume sides are in a disagreement (e.g. dominating volume is on buy side while dominating active volume is on sell side) this symbol will appear inside brackets, (+) or (-).
5. Dominating active volume as percentage of total active volume. Plotted below +/- symbol.
6. Dominating active volume threshold exceeded. Can be defined via input menu, 70% by default.
Dominating volume & active volume percentages can be rounded to single numbers to avoid clutter caused by overlapping values. The percentage values will be rounded to closest single number value, e.g. dominating volume percentage at 54% = 5, dominating volume percentage at 55% = 6.
Volume anomalies can be highlighted on the chart with a color for studying the events and their past implications in greater detail. Available anomalies for highlights are the following:
Buy volume threshold exceeded
Sell volume threshold exceeded
Active buy volume threshold exceeded
Active sell volume threshold exceeded
Volume & active volume divergence
— Practical guide
Volume is arguably one of the most important data points as it directly relates to liquidity. High volume can be an indication of strength (price likely to continue moving) or absorption (price likely to halt/turn). Same applies to active volume, but with an element of aggression. High active volume serves as an indication of exuberance or otherwise forceful transacting, like stop losses triggering. With these principles in mind, the composition of volume allows distinguishing potentially important events.
Example #1 : Identifying areas of trapped market participants
Often when volume spikes distinctively, we can make the case that price has found sufficient liquidity to halt/turn. Since we know which side was absorbed, in what quantity and type (passive/active), we can identify areas of trapped market participants. In such scenarios, the higher the dominant active volume and volume spike itself, the better.
Example #2 : Identifying a healthy trend
A healthy trend is one that has an active and consistent bid driving it. When this is the case, it can be seen in consistently supportive active volume.
Example #3 : Identifying inflection points
When dominant side of volume and dominant side of active volume diverge, something is up. A divergence often marks an area of indecision, hinting an imminent move one way or the other.
[VC] Wave Chart Index V1.0V.C Wave Chart Index
Richard D. Wyckoff created the first wave chart, and he instructed students to think in waves. He was an early 20th-century pioneer in the technical approach to studying the stock market and is considered one of the five "titans" of technical analysis, along with Dow, Gann, Elliott and Merrill.
V.C Wave Chart Index is the most comprehensive version of Wyckoff's theory. It is used to measure the strength & weakness of each market move by comparative data analysis. It draws waves on the chart based on Gann Swing theory. At the end of each wave, a label shows all the cumulative data & information of the wave.
With the help of this indicator, You can measure each swing or high/low movement of the market by comparing it with previous high/low price movements. The comparison can be made by using the following data of each wave.
Price Change
Volume Change
Delta Change
Delta % Change
Buy Volume
Sell Volume
Time Spent (Bar Counter)
V.C Wave Chart Index is not only an indicator but itself a unique & comprehensive tool kit to measure & compare each move of the market. This tool enables you to see deep inside each movement of the market. It allows you to observe the nitty-gritty data of each wave at the micro-level with your nacked eyes. With the help of Delta & (C.C) Close to Close Price Change, it is now easy to apply effort & result and cause & effect theory to your analysis. (total volume, buy volume, sell volume & delta % can also be used for comparative analysis)
V.C Wave Chart Index Properties
Price Change or (P.C): Shows the price Change of the Wave
Buy Volume (B.V): Shows the Cumulative Buy Volume of the Wave
Sell Volume (S.V): Shows the Cumulative Sell Volume of the Wave
Delta Volume (∆): Shows the Cumulative Buy - Sell Volume of the Wave
Delta % ∆ : Shows the Cumulative Delta % of the wave
Total Volume (T.V): Shows the Cumulative Total Volume of the Wave
Bar Count (B.C): Shows how much time it took to Complete the Wave
Swing Price: Shows the Reversal Price of the Wave
V.C Wave Chart Index Settings & Inputs Explained
Sensitivity (%): This input helps you adjust to the wave's steepness. 0.001 is my recommended value for all time frames.
Cumulation: This input helps you to control the length & formation of the wave: ( the fewer values = more wave formations & vice versa)
Wave Color: Allow you to change the color of the wave
Draw to Latest Candle: Allow you to show/hide the latest or real-time wave & data.
Divisor: Allow you to divide extensive numeric data into small numbers to read it easily.
Align Text: Allow you to align the text.
Size Text: Allow you to change the size of the text.
Display Toal Delta: Allow you to show or hide total Delta (∆).
Display Percentage Delta (%): Allow you to show or hide Delta (∆) %.
Color Wave Buy: Allow you to change the color.
Color Wave Sell: Allow you to change the color.
Display Total Volume (T.V): Allow you to show/hide total volume
Display Buy Volume (B.V): Allow you to show/hide buy volume
Display Sell Volume (S.V): Allow you to show/hide sell volume
Display Swing Price: Allow you to show/hide swing price
Display Swing Price Change (P.C): Allow you to show/hide price change
Display Close to Close Price Change (C.C): Allow you to show/hide close to close price changes. (previous wave close to current wave close) (recommended for comparative analysis)
P.C Format: Allow you to select the price formate
C.C Format: Allow you to select the price formate
Display Bar Counter (B.C): Allow you to show/hide the bar counter
Comparative Data Analysis Example in the light of Effort & Result Theory
A short explanation of the above analysis
On Wave A , the close to close price change (C.C) is $354 . (its the distance of price that price travelled from the low of the previous wave)
and price travelled this distance with 632 Delta (Delta is an effort which is used to travel the price)
On Wave B , close to close price change (C.C) is -$359 , almost the same distance as the previous wave. But for this distance price used 47% more Delta than the last wave. ( previous Delta is 632 , but current Delta is 931 that is 47% extra)
It indicates that sellers have put more effort in Wave B than Wave A . However, they got similar results as the previous wave. In other words
More Effort & Less Result = Reversal Sign
(that's why in the above example price reversed from a support level)
* Notice that Wave B is also on a key support area/level. And on key support or resistance area, this kind of comparative analysis can give an extra edge in your analysis.
Disclaimer Note:
V.C Wave Chart Index is not a BUY/SELL signal based indicator or a holy grail trading system.
It is purely Volume, Delta and comparative analysis based indicator. Before applying this indicator to your analysis, you should know about V.S.A, Volume, Delta & Spread.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
Volume CVD and Open Interest HeatmapTaking Volume and Open Interest data to the next level of visualization I created a 'heatmap'. The indicator uses a colour gradient and plots boxes from the source candle to the current candle with one of the following data sources:
- Volume - the total volume of transactions, buys and sells
- Up Volume - the total volume from buys only
- Down Volume - the total volume from sells only
- Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume
- Cumulative Delta - the sum of the up/down volume for the previous 14 bars
- Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA
- Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin!
You can define the lookback period, though you should make sure your timeframe for volume source data, is high enough to accommodate the lookback. TradingView will only fetch 5000 candles worth of data, so at 1 min volume data, you can only lookback 83 hours.
While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed.
Volume shows strength, sentiment and volatility .
Open Interest does not show direction, but does indicate momentum and liquidity in the market.
With this novel way of visualizing these, you can also now determine where all that liquidity and positions came from and therefore might have resting liquidity below.
Volume CVD and Open InterestVolume, Cumulative Delta Volume and Open Interest are great indications of strength and sentiment in the market. Until now they have required separate indicators, but this indicator can show them all.
With a clean and aesthetic plot, this indicator has the option to choose the data source:
- Volume - the total volume of transactions, buys and sells
- Up Volume - the total volume from buys only
- Down Volume - the total volume from sells only
- Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume
- Cumulative Delta - the sum of the up/down volume for the previous 14 bars
- Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA
- Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin!
There are several customization features for the colour of the plot, with a nice gradient colouring from high to low. You can choose the lookback which defines only the highest and lowest values for the colour gradient. There is also an option for how the Open Interest value is determined, based on Close, Open or differences between previous values.
While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed.
Volume shows strength, sentiment and volatility.
Open Interest does not show direction, but does indicate momentum and liquidity in the market.
Real Cummulative Delta (New TV Function)Thanks to the new TradingView indicator Up/Down Volume, it is now possible to get accurate information on Agression (market buying vs market selling)
However, as they only provide the value of delta, I've made this indicator to show the cummulative value, in the form of candles.
It is great to detect divergences in the macro and in the micro scale (As in divergences in each candle and divergences in higher or lower tops or bottoms)
Hope you can make good use of it!
Stochastic Moving Average Delta Oscillator (SMADO)This is an interesting take on the stochastic oscillator. What I have done here is I've taken the cumulative sum of the deltas of all the simple moving averages from 1 to 200 and summed them. Next I transform this into a stochastic oscillator with ta.stoch. The point of this is to show you trends, tops and bottoms. I hope you find this indicator as interesting as I did. Please enjoy!
The Feature include: Stochastic Window, Number of MA's to check, General Smoothing, and Direction Indication.
TMO ScalperTMO - (T)rue (M)omentum (O)scillator) MTF Scalper Version
TMO Scalper is a special custom version of the popular TMO Oscillator. Scalper version was designed specifically for the lower time frames (1-5min intraday scalps). This version prints in the signals directly on top of the oscillator only when the higher aggregations are aligned with the current aggregation (the big wheels must be spinning in order for a small wheel to spin). The scalper consist of three MTF TMO oscillators. First one is the one that plot signals (should be the fastest aggregation), second serves as a short term trend gauge (good rule of thumb is to us 2-5x of the chart time frame or the first aggregation). The third one (optional) is shaded in the background & should only serve as a trend gauge for the day (usually higher time frames 30min+).
Time Frames Preffered by Traders:
1. 1m / 5m / 30m - This one is perfect for catching the fastest moves. However, during choppy days the 1min can produce more false signals..
2. 2m / 10m / 30m - Healthy middle, the 2min aggregation nicely smooths out the 1min mess. Short term gauge is turning slowly (10min for a signal to confirm).
3. 3m / 30m / 60m - This TF is awesome for day traders that prefer to take it slow. Obviously, this combination will produce far less signals during the day.
Hope it helps.
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version
TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study.
I have been using this tool for a couple of years now, and this is what i have learned so far:
Favorite Time Frame Variations:
1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down.
2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds.
3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings.
4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily.
5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts.
TMO Length:
The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original.
Tips & Tricks:
1. Observe
- This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not
an exception.
2. The Power of the Higher Aggregation
- The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction.
3. Position of the Higher Aggregation in Relation to the Extremes
- Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline.
4. Crosses
- Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses.
5. Divergences
- TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence.
6. Three is Enough
- I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings.
Hope it helps.
Multi Type RSI [Misu]█ This Indicator is based on RSI ( Relative Strength Index ) & multiple type of MA (Moving Average) to show different variations of RSI.
The relative strength index (RSI) is a momentum indicator used in technical analysis to evaluate overvalued or undervalued conditions in the price of that security.
█ Usages:
The purpose of this indicator is to obtain the RSI calculated with different MAs modes instead of the classic RMA.
The red and green zones indicate the oversold and overbought zones.
Buy or sell signals are marked by the green and red circles
We have 2 different signal modes : when the different size RSIs cross and when the fast RSI crosses the extreme bands.
Alerts are setup.
█ Parameters:
Lenght RSI: The lenght of the RSI. (14 by default)
RSI MA Type: The type of MA with which the rsi will be calculated. ("SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA")
Fast Lenght MA: The fast lenght smoothing MA.
Slow Lenght MA: The Slow lenght smoothing MA.
Lower Band: The lenght of the lower band. (25 by default)
Upper Band: The lenght of the upper band. (75 by default)
Signal Type: The mode with which buy and sell signals are triggered. ("Cross 2 Mas", "Cross Ma/Bands")
Realtime Volume Analysis ToolbarThis script displays an intrabar volume analysis in realtime
displayed data is the following
Total volume
Up volume
Down volume
Delta
Buyers %
More options will be added in the future, at least customization of the colors.
Easy FootprintThis script represents a simple footprint system which can currently be applied on time based candles only.
Options:
Display Bid/Ask volumes at price
Display horizontal delta at price
Highlight Buuying/Selling/Both imbalances at price (default, green, red or orange(both) background color)
Highlight the POC of the current candle (yellow cell border)
Display the current candle
Parameters:
Imbalance threshold: Minimal proportion to highlight cells in case of buying/selling imbalances (2=200% , 3=300%, etc...)
Text size: Just a display option to select the size of the text in cells
Price truncation factor: Allows the user to configure the size of each cell (default factor 0 is 1pts, factor 1 is 0.1 pts, factor 2 is 0.01 pts, factor -1 is 10 pts, etc...)
Volume decimals: Select the precision you want to see in volume information
Enable display of bid/ask volume at price
Enable display of horizontal delta at price
Note :
Some cells might be missing within a candle when gaps appear
Binance Big Open Interest Delta Change v2 Note: This script will only work properly with Binance Futures symbols.
This script simply looks at the open interest for the symbol you are currently viewing and determines if a large change in open interest has occurred, which triggers a background color alert.
It does this by comparing the absolute value of the range of the current open interest bar with a simple average (length set by user) of the past x range. The user also determines what is considered a 'large' change in open interest by setting a multiplier with which the current range must exceed compared to the average range in order to trigger an alert.
If the change in open interest is an increase in OI, the alert is blue, and if the change in open interest is a decrease, the alert is orange.
The open interest ticker that is used for calculation is derived by adding the current ticker and "_OI" so that it auto changes each time you switch to a new Binance futures contract.
Singular and Cumulative Volume Delta (SVD+CVD)This a Volume Delta indicator with Cumulative Volume Delta.
I have been studying Volume Delta and CVD trading strategies and indicator styles.
This implementation was developed to test a basic trailing window / oscillator approach.
Script has been republished as public and searchable.
Changelog from private era follows.
Jun 9 (2022)
Release Notes:
Added option to use EMA/SMA based cumulation. This will not scale well with singular data, so default view is still SUM.
Jun 9 (2022)
Release Notes:
Outdated comment correction.
Jun 9 (2022)
Release Notes:
Added default option to normalilze visual scale of MA cumulation types. The averaging creates a singular value sized results, instead of a range-sums. This multiples that candle result by the range length to get a range-sum sized result.
Added option to scale the cumulation size relative to the volume size. 1-to-1 scaling creates singular deltas that can be hard to see with all options on. This allows you to beef them up for visual or weighting purposes.
Jun 15 (2022)
Release Notes: * Added break even level for current delta. Tells where current delta must land for cumulative delta to stay flat.
* Added comparison of historical cumulative levels to current level. The historical levels are the initial values going into current accumulation window.
* Changed title of indicator to be more generic, clear, and searchable.
Jun 15 (2022)
Release Notes: * Added option to have the cumulation cutoff line AFTER or OVER the end of the cumulation window. This change is to ensure the indicator clearly documents it's behavior and avoids confusion on this / last cumulation window semantics.
* Bugfix: Initial levels were pulled from cumulation line which was AFTER end of window. This has been changed to the initial values INSIDE the cumulation window.
* Code cleanup.
June 17th (2022)
Release Notes: Marked as beta because TV confirmed they no longer allow private scripts to be changed to public. (Despite lingering documentation that says otherwise.
June 17th (2022)
Re-published as public.
Open Interest Delta OI Delta
This indicator aims to provide users an idea for OI changes intrabar referencing the LTF data, there will be some limitations as its limited to the LTF of 1minute maximum,
however there can be some insight provided regardless.
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.
-Dev note, this was made alongside many other things so less testing was done do dm me anytime if theres any issues that need solving.
[VC] Cumulative Delta Histogram V1.0The V.C Cumulative Delta Histogram shows the market's ongoing Buying/Selling pressure. It helps to determine whether Supply or Demand is dominating and in control.
➤If the Cumulative Delta Increases, the buyers are in control.➚
➤If the Cumulative Delta Decreases, the sellers are in control.➘
The use cases for this Indicator are vast and correlated with our other Delta Indicators. The following examples will explain how to use this Indicator.
Example 1 EUR / USD
In the above example, Negative Cumulative Delta Decreased & Turned into Positive Cumulative Delta. That indicates that sellers are losing control & buyers are getting power.
As a confirmation on the ' 'Box Chart Histogram'' it is evident that Demand is also increasing.
And on ''Wave Chart Index'' as a 3rd confirmation, you can see that the Delta has also increased compared to previous waves.
Example 2
Positive Delta on Cumulative Delta Histogram is decreasing & Negative Delta started increasing.
On the Box Chart Histogram , Demand is decreasing & Supply is increasing.
Additionally, on the Wave Chart Index , the Delta of the wave is also decreasing.
(in short, besides ''Cumulative Delta Histogram," Box chart Histogram & Wave Chart Index is also adding additional confirmation)
Note: Two types of Delta sources are included in this Cumulative Delta Indicator.
Type A: Simple Delta
Type B: Delta %
Simple Delta is the difference between Net Buying - Selling pressure.
Delta % also works in the same calculation, but a Volume weighted algorithm is applied on it.
You may use any of them that suits your analysis.
VC Cumulative Delta Histogram Settings & Inputs
Source:
Allows you to choose the source, Between Simple Delta & Delta %.
Cumulative Length:
Allows you to Change the cumulative length.
Positive & Negative Color:
It allows you to change the colors.
Style Menue
Allows you to change the style & color of the histogram.
Disclaimer Note:
V.C Cumulative Delta Histogram It is purely Volume , Delta, Demand & Supply imbalance and comparative analysis-based tool. Before applying this Indicator to your study, you should know about Volume , Delta & Spread, Demand & Supply, and Aggressive & Passive behaviour of buyers/sellers.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
Educational LTF -> HTF volume deltaThis script shows 1 of several technique to gather volume delta
-> more explanation can be found in the script itself,
Cheers!
Delta Volume by SiddWolfDelta Volume is Difference between Buying Volume and Selling Volume. This indicator gives the Delta Volume based on Lower TimeFrame Candles. It utilizes security_lower_tf() function, a function that provides Lower TF candle data in Higher TF Chart.
security_lower_tf() is a new function provided by TradingView yesterday. If you are a PineScript Programmer, I suggest you to read about it, as it is a very powerful function that can extremely improve your trading strategy.
How this indicator works:
This indicator checks volume data on lower TimeFrame Candles and Shows it's delta in the current Chart Timeframe. For example: If you open 4 hours chart, this indicator checks volume of 1 minute chart and separates Buying-Selling volume. Then it subtracts Candle's Selling volume from Candle's Buying volume, finally calculating the Delta Volume.
This indicator also provides a Smooth Delta Volume, which is moving average of Delta Volume. As Delta Volume changes a lot, Smooth Delta Volume can be very helpful for identifying Trends . Goto settings and in "Show" section select "Smooth Delta Volume" to lay it on the chart.
Settings is the Key:
Settings are key to all of my indicators. Play around with it a bit. You can change what to show on the chart from settings. Smooth Delta Volume moving average length can be changed from the settings. You can also select "Show as Percentage", which shows Delta Volume as Percentage of Overall Candle's Volume. If you use Weekly or Monthly Timeframe, change increase lower timeframe from settings. Read the tooltips to understand what each settings mean. Tooltips are the (i) button in-front of each settings.
FAQs:
Q. Does the indicator Repaint ?
--- No. None of my indicators repaints. What you see now is what's drawn in real time.
Q. What TimeFrame is Best for this Indicator ?
--- It can be used on timeframes from 5 minutes to higher. But I would prefer to use it from timeframes higher than 30 minutes, as it gathers data from 1 minute TF.
Q. Indicator doesn't show anything ?
--- This indicator only works on security with Volume data. Also use it from higher timeframe than specified in Settings, because Volume Delta is calculated using Data from Lower TimeFrame.
Q. Delta volume is not provided by TradingView, So how exactly does this indicator work?
--- This indicator takes advantage of new pinescript function security_lower_tf(), and calculates volume for smaller timeframe data and calculates delta on higher timeframe.
Q. Does this indicator give financial advice?
--- No. Nope. Nein. Não. नहीं.
Conclusion:
This indicator is very basic but if used correctly it can be very powerful. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
~ @SiddWolf
Volume DeltaVolume 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.
Heikin Ashi OscillatorThis indicator plots a delta between the Heiken Ashi close price and the regular candlestick closing price as a histogram, which allows you to quickly analyse changes in trend
direction.
It also provides a reverse-engineered closing price for regular candlesticks, to reach in order to maintain the momentum, which allows you to be forewarned of potential pivot points to change in bias in direction.
Feel free to use this indicator to modify and add to your charts as you wish.
DeltaPrint SingularityDeltaPrint Singularity
DeltaPrint Singularity is a method of bringing a previous DeltaPrint Candles with less granularity but greater historical reference.
The advantages is the ease of use with existing charts and indicators without adjusting for low tf chart for UI Space this is all handled on the same timeframe using intrabar data.
The benefit of such candles is providing users additional data as to location of potentially trapped traders via late entry into positions e.g. late longing a range high or VAH.
Or to provide credence to traders who look for momentum plays seeing momentum drop off likely leading to a period of consolidation or pull back.
The logic used here is different to the previous rendition of the indicator but works well with any and all charts that allow some reference to volume.
This indicator aims to provide users the insight into how traders are positioning and where they are positioning. The indicator comes with a few initial features:
Singular Coloring
Delta Coloring
POC Highlighting
Singular Coloring is useful by providing a minimalist view into volume execution points.
Delta Coloring breaks this down further by providing an estimate into ask:bid (although delta print will be stronger at this)
POC highlighting provides only the volume POC and not Delta POC.
Planned Updates
Delta Weighting
POC Level Extensions
Alerts
[VC] Effort & Result Index V1.0V.C. Effort & Result Index draws the Price change, Volume, Delta & Delta % as a histogram. On the positive side of the histogram, it marks the price change & on the negative side of the histogram, it marks volume, delta & delta %. And the best part of the indicator is that it allows you to see all the mentioned data types simultaneously.
See the below chart for a comprehensive understanding.
Before moving further, understand the below analogy first.
Volume & Delta = Fule or Effort
Price Movement = Result
Think of Volume & Delta as FULE or EFFORT and Price Movement as Result.
If the price travels a significant distance with less fule & effort, it indicates that no barriers or inverse forces are stopping the price movement.
On the other hand, if the price is travelling a less distance & consuming comparatively more fule & effort, it indicates some barriers or inverse forces stopping the price movement.
V.C. Effort & Result Index empowers you to read, compare & analyse Volume, Delta & Price effortlessly. It helps to measure the relative price change in different combinations. Such as, you can compare the price change with total volume, delta volume & delta percentage.
See the below relative comparison analysis by using Price Change, Volume Change & Delta Change.
In the above example, you can see that on candle A, there is a very significant price move with a small volume & delta. But on the next candle B, there is a minor price move compared to the previous candle A, but the volume is relatively high & delta is almost the same. In simple words, the same effort was applied to candle B but got fewer results than candle A. It indicates that buyers applied the same effort but failed to get the same results. It reveals that sellers are taking control, leading to a trend reversal.
This comparative analysis method & approach can add an extra edge to your analysis spacially on key levels & breakouts.
V.C Effort & Result Index Settings & Inputs
Price Change:
Allow you to show/hide the price change bars on the positive side of the histogram.
Volume:
Allow you to show/hide the total volume on the negative side of the histogram.
Delta%:
Allow you to show/hide the delta % on the negative side of the histogram.
Delta:
Allow you to show/hide the delta on the negative side of the histogram.
Style Settings
The Style section allows you to change the colors & the view format of all data types.
Disclaimer Note:
V.C Effort & Result Index is not a BUY/SELL signal based indicator or a holy grail trading system.
It is purely Volume, Delta, Demand & Supply imbalance and comparative analysis based tool kit. Before applying this indicator to your analysis, you should know about Volume, Delta & Spread, and Demand & Supply.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
[VC] Box Chart Index V1.0The ''V.C Box Chart Index'' shows the shortest possible wave. It graphically shows the continuous up movement or continuous down movement in the form of a box. As soon as the direction changes, the box changes as well.
It is an effortless way to show the price change that occurred in the box visually. It also correlates to what Wyckoff said about as the buying waves increase in volume, time, and length & the selling waves shorten, lookout for a change in the prevailing trend.
The example below shows more big green boxes than red, and the price change caused by the green box has made the uptrend.
Important Note:
V.C Box Chart Index also correlates to another indicator named V.C Box Chart Histogram
V.C Box Chart Histogram draws the cumulative delta based on each box as a histogram. Combining these two indicators empowers you to see the cumulative demand & supply and buying & selling quantity of each box.
See the Example Blow:
The above example shows that supply is decreasing on down boxes, indicating that fewer sellers are left to pull the market down.
On the other hand, demand increases on the up boxes, indicating that more buyers are coming into the market. As a result, every green box is breaking the previous high & price is moving upside.
For a more comprehensive understanding of the co-relation of these two indicators, read the description from the link below.
V.C Box Chart Index Settings & Properties Explained
Border of Box:
Allow you to show/hide the border of the box
Positive Box & Negative Box Borders:
Allow you to change the border color & opacity
Positive Box & Negative Box:
Allow you to change the color & opacity of the box
Disclaimer Note:
V.C Box Chart Index is not a BUY/SELL signal based indicator or a holy grail trading system.
It is purely Volume, Delta, Orderflow, Demand & Supply imbalance and comparative analysis based indicator tool kit. Before applying this indicator to your analysis, you should know about Volume, Delta & Spread, and Demand & Supply.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
[VC] Box Chart Histogram V1.0V.C Box Chart Histogram draws the cumulative delta that correlates to another indicator named ''V.C Box Chart Index'' .
(In other words, ''V.C Box Chart Histogram'' & ''V.C Box Chart Index'' are correlated.)
V.C Box Chart Histogram draws the cumulative delta as histogram based on ''V.C Box Chart Index''. Combining these two indicators empowers you to see the cumulative demand & supply / cumulative buying & selling quantity of each box.
You can also switch from cumulative delta mode to cumulative delta % from input settings. See the difference between simple delta & delta % mode from these examples.
Simple Delta Mode (Cumulative Demand & Supply)
In the above example, green & red boxes on the histogram show the cumulative delta of each box from the main chart. In simple words, these boxes show the cumulative net demand & supply of the corresponding box from the main chart. In this example, Big green boxes indicate demand is increasing, whereas small red boxes indicate that supply is decreasing.
Delta % Mode (Cumulative Volume-Weighted Demand & Supply)
Similar to the simple delta mode, in the above example, blue & red boxes on the histogram show the cumulative delta % of each box from the main chart. In simple words, these boxes show the cumulative & volume-weighted demand & supply of the corresponding box from the main chart.
In this example, Big blue boxes indicate that demand is increasing, whereas small red boxes indicate that supply is decreasing.
V.C Box Chart Histogram Properties & Settings
Inputs
Choose Your Source:
Allow you to switch from simple delta to delta %
Choose color of the box on simple delta:
Allow you to change the color of the box
Choose color of the box on delta %:
Allow you to change the color of the box
Style
Positive & Negative Simple Delta:
Allow you to see the simple delta in the column format.
Positive & Negative Delta %:
Allow you to see the delta % in the column format.
Boxes:
Allow you to show/hide the boxes
NOTE: You can also see both delta formats in dual view mode. (in column & box at the same time to have a more precise & detailed look)
See Below Example
Disclaimer Note:
V.C Box Chart Histogram is not a Buy/Sell signal based indicator or a holy grail trading system. It is purely a leading indicator that can help you to analyse demand & supply and buying & selling forces of the market in a smart & effortless way. Before applying this indicator to your analysis, you should have some basic knowledge about volume, delta, & supply & demand. Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.