CVD – Visible Range Candles & Line (Cumulative Delta Volume)

4 giờ trước

Disclaimer:

This indicator is provided for informational and educational purposes only. It does not constitute investment advice, trading advice, or a recommendation to buy or sell any financial instrument. The author assumes no liability for any losses, damages, or errors arising from use or misuse of this script. Please test thoroughly and use at your own risk.
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Purpose

This indicator provides a fast and clear visualization of Cumulative Delta Volume (CVD) for the currently visible chart range in TradingView. It helps traders identify buy/sell volume pressure and market sentiment over any custom timeframe, with full control over reset intervals and chart style.

Key Features

• CVD by Visible Bars: Dynamically calculates CVD only for bars currently visible on the chart, so scrolling and zooming always rescale the line and candles to your view.
  
• Style Selection: Choose line or candlestick display. Candles include both standard OHLC and optional Heikin Ashi smoothing.
  
• Automatic Resets: Restart CVD accumulation at the beginning of every day, week, month, or quarter. Choose ‘None’ for ongoing accumulation.
  
• Fully Custom Colors: Line color, candle body, wick, border – all optimized for clarity and customizable via the indicator’s Style tab.
  
• Autoscale Support: Always fits your timeframe. No need to adjust scale manually.
  
• Zero-Level Reference: Includes a horizontal zero line for quick reversal detection.
  

Input Parameters

• Style: "Line" or "Candles" – controls visual type
  
• Heikin Ashi candles: Enable smoothing for candle view
  
• Show Line: Toggle CVD line visibility
  
• Reset CVD: Options: None, Daily, Weekly, Monthly, Quarterly
  

How To Use

1. Add the indicator to your TradingView chart.
   
2. Select your preferred visual style (Line or Candles).
   
3. Choose reset frequency based on your trading timeframe.
   
4. Customize colors in the Style tab (line, candle up/down, wick, border).
   
5. Scroll or zoom on the chart – the indicator’s range always fits the currently visible bars.
   

Typical Use Cases

• Intraday traders tracking open/close session volume delta
  
• Swing traders identifying quarterly or monthly market accumulations
  
• Visualizing buy/sell pressure divergence at reversal points
  
• Comparing volume sentiment across flexible chart intervals
  

Formula

• Delta calculation: Delta=volume×(sign(close−open))
  
• Accumulation: Resets at user-chosen intervals, CVD plotted for only visible bars
  

Author
Created by Ronen Cohen

3 giờ trước

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