Delta+CVD&CVD Candles

Delta + CVD & CVD Candles
Order-flow indicator combining Delta (Ask–Bid), Cumulative Volume Delta (CVD), and a unique CVD-based synthetic candle system. Shows buy/sell pressure, volume aggressiveness, and momentum shifts with optional Delta histogram, CVD line, and CVD+Delta combined candles. Useful for scalping, intraday trading, divergence detection, and understanding buyer/seller dominance.
________________________________________
📘 Overview
The Delta + CVD & CVD Candles Indicator combines multiple order-flow tools into one clean visual package. It displays:
• Delta (Ask–Bid) to measure aggressive buying/selling
• Cumulative Volume Delta (CVD) to track accumulated pressure
• Combined CVD Candles showing synthetic candles built entirely from order-flow data
This indicator helps traders read market intent, find momentum shifts, and detect absorption or hidden buying/selling without needing Level-2 data.
________________________________________
📊 Features
1. Delta (Ask-Bid) Histogram
Shows buying vs selling pressure per candle.
• Green = Buyers (Ask > Bid)
• Red = Sellers (Bid > Ask)
2. CVD (Cumulative Delta) Line
Tracks whether buyers or sellers dominate over time.
Useful for spotting divergences and trend strength.
3. Delta + CVD Combined Candles
Synthetic candles built from order-flow:
• Candle body = change in CVD
• Wicks = size of Delta imbalance
• Colors = green (bullish), red (bearish)
These candles reveal aggressive buying/selling much more clearly than price candles.
________________________________________
🛠 Inputs & Options
• Show/Hide Delta Histogram
• Show/Hide CVD Line
• Show/Hide Combined CVD Candles
• Bull Color
• Bear Color
• CVD Line Color
________________________________________
📈 How to Trade With It
• Rising CVD + bullish Delta → Strong up momentum
• Falling CVD + bearish Delta → Strong down momentum
• Price HH but CVD failing → Bearish divergence
• Price LL but CVD not making LL → Bullish divergence
• Long wick in combined candle → High imbalance (aggressive buyers/sellers)
Great for scalping, day trading, and momentum confirmation.
________________________________________
⚠️ Notes
• Uses TradingView’s volume feed (not Level-2 depth).
• Works on all markets and timeframes.
• Volume accuracy depends on exchange data.
________________________________________
✔️ Recommended Use-Cases
• Intraday trading
• Volume/Delta analysis
• Divergence trading
• Identifying exhaustion and absorption
• Understanding buyer/seller strength visually
________________________________________
👤 Credits
[e-mail]
________________________________________