Real Cummulative Delta (New TV Function) — Indicator by GioLucaas

volumestudies negativevolumeindex positivevolumeindex delta buyingpressure sellingpressure quant quanttrading footprint tapereading tape

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!

Release Notes:

Oops I made it not visible on Daily charts, should be fixed now

Release Notes:

Fixed indicator not visible on certain assets and timeframes

PS: Traders e investidores Brasileiros em busca de um Assessor XP Investimentos dedicado e capaz de criar e utilizar ferramentas de qualidade para trazer o melhor acompanhamento aos seus clientes, podem entrar em contato comigo aqui nos comentários ou via DM no Twitter

Release Notes:

Added option to choose wether to reset on start of day/month/year.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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