OPEN-SOURCE SCRIPT

DeltaBurst Locator

95
## DeltaBurst Locator

DeltaBurst Locator is a sponsorship detector that divides OBV impulse by price thrust, normalizes the ratio, and cross-checks it against a higher timeframe confirmation stream. The oscillator turns the abstract "is this move real?" question into a precise number, exposing accumulation, distribution, and exhaustion across futures and stocks.

HOW IT WORKS

  • OBV Impulse vs. Price Change – Smoothed deltas of On-Balance Volume and price are ratioed, then normalized using a hyperbolic tangent function to prevent single prints from dominating.
  • Signal vs. Confirmation – A short EMA produces the execution signal while a higher-timeframe
    Pine Script®
    request.security()
    feed validates whether broader flows agree.
  • Spectrum Classification – Expansion/compression metrics grade whether current aggression is intense or fading, while ±0.65 bands define exhaust/vacuum zones.
  • Slope Divergences – Linear regression slopes on both price and the ratio expose bullish/bearish sponsorship mismatches before candles reverse.




HOW TO USE IT

  • Breakout Validation: Only chase breakouts when both local and higher-timeframe ratios are on the same side of zero; mixed signals suggest liquidity is fading.
  • Absorption Trades: When the histogram spikes beyond ±0.65 but the EMA lags, expect absorption; combine with price structure for pinpoint reversals.
  • News/Event Monitoring: During earnings or macro releases, watch for ratio collapses with price still rising—this flags forced moves driven by hedging rather than real demand.


VISUAL FEATURES

  • Color logic: Positive sponsorship fills teal, negative fills crimson against the zero line, making intent obvious at a glance.
  • Optional markers: Burst triangles and divergence dots can be enabled when you need explicit annotations or left off for a minimalist panel.
  • Compression heatmap: Background shading communicates whether the market is coiling (high compression) or erupting (low compression).
  • Dashboard: Displays the live ratio, higher-timeframe ratio, and agreement state to speed up scanning across tickers.


PARAMETERS

  • Fast Pulse Length (default: 5): Controls the smoothing window for price change detection.
  • Slow Equilibrium Length (default: 34): Window for expansion/compression calculation.
  • OBV Smooth (default: 8): Smoothing period for OBV impulse calculation.
  • Ratio Ceiling (default: 3.0): Controls how aggressively values saturate; raise for high-volatility tickers.
  • Signal EMA (default: 4): EMA period for the signal line.
  • Confirmation Timeframe (default: 240): Pick a higher anchor (e.g., 4H) to validate intraday moves.
  • Divergence Window (default: 21): Window for slope-based divergence detection.
  • Show Burst Markers (default: disabled): Toggle burst triangles on demand.
  • Show Divergence Markers (default: disabled): Toggle divergence dots on demand.
  • Show Delta Dashboard (default: enabled): Hide when screen space is limited; leave on for desk broadcasts.


ALERTS

The indicator includes four alert conditions:
  • DeltaBurst Bull: Spotted a bullish liquidity burst
  • DeltaBurst Bear: Spotted a bearish liquidity burst
  • DeltaBurst Bull Div: Detected bullish sponsorship divergence
  • DeltaBurst Bear Div: Detected bearish sponsorship divergence


Hope you enjoy!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.