Realtime Cumulative Delta — Indicator by StalinTrading

cumulativevolumeindex cvd cdv cumulativevolumedelta cumulative volumeanalysis

This is a Real time volume Delta indicator which has to run real time on the chart to capture observation.

Start it when the session starts and log the data and observe. It plots histograms as well as candlesticks of the the cumulative volume delta, from the style switch whichever you want.

It is done based on real time tick and not based on candlesticks, so the accuracy of volume delta is more. Uptick volumes are added as buy and downtick volumes as sell which is the actual way of calculating CVD

Apply the CVD concepts for trading results.

Release Notes:

Made tick identification based on volume and not price. Changed display settings, wicks invisible as it is not actual high and low of cvd but just the buying and selling pressure.

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?