OPEN-SOURCE SCRIPT
Order Flow / Delta Volume Indicator
This strategy combines order flow analysis, cumulative delta volume, and VWAP to detect high-probability buy and sell zones. It uses an imbalance in buy vs. sell volume, RSI confirmation, and a cooldown period to generate precise entry signals. The script includes:
• VWAP for trend direction
• Cumulative Delta Line to visualize volume imbalances
• Automated buy/sell signals with label markers on the chart
• Backtesting capability to evaluate performance
Perfect for traders looking to leverage volume dynamics with a simple yet powerful strategy.
Feel free to test and tweak for your favorite asset or timeframe! 🎯
• VWAP for trend direction
• Cumulative Delta Line to visualize volume imbalances
• Automated buy/sell signals with label markers on the chart
• Backtesting capability to evaluate performance
Perfect for traders looking to leverage volume dynamics with a simple yet powerful strategy.
Feel free to test and tweak for your favorite asset or timeframe! 🎯
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 publication is governed by House rules. You can favorite it to use it on a chart.
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