OPEN-SOURCE SCRIPT
CVD Candles.
█ WHAT IS CVD?
Cumulative Volume Delta (CVD) tracks the running total of buying volume minus selling volume. It reveals who's in control — buyers or sellers — beyond what price alone shows.
█ HOW IT WORKS
Each candle represents the cumulative delta:
• Delta = Buy Volume − Sell Volume
• CVD = Running sum of delta
This creates a "price chart" of order flow, making it easy to spot divergences between price and actual buying/selling pressure.
█ 3-COLOR SYSTEM
🟢 GREEN — Strong Bullish
Price closed above previous bar's high. Buyers in control.
🔴 RED — Strong Bearish
Price closed below previous bar's low. Sellers in control.
🔵 BLUE — Neutral (Reversal Signal)
Price closed between previous high/low. Momentum pausing — watch for potential reversal.
█ HOW TO USE
1. TREND CONFIRMATION
Price up + CVD up (green) = Strong trend ✓
Price up + CVD down (red) = Weak trend, possible reversal
2. DIVERGENCE
Price making new highs but CVD declining = Bearish divergence
Price making new lows but CVD rising = Bullish divergence
3. REVERSAL SIGNALS
Blue candles indicate momentum pause — often precede reversals
█ SETTINGS
• Reset Daily: Resets CVD at each session start
• Works best on futures, stocks, and crypto with volume data
█ CREDITS
Inspired by Bookmap's Cumulative Delta indicator.
Cumulative Volume Delta (CVD) tracks the running total of buying volume minus selling volume. It reveals who's in control — buyers or sellers — beyond what price alone shows.
█ HOW IT WORKS
Each candle represents the cumulative delta:
• Delta = Buy Volume − Sell Volume
• CVD = Running sum of delta
This creates a "price chart" of order flow, making it easy to spot divergences between price and actual buying/selling pressure.
█ 3-COLOR SYSTEM
🟢 GREEN — Strong Bullish
Price closed above previous bar's high. Buyers in control.
🔴 RED — Strong Bearish
Price closed below previous bar's low. Sellers in control.
🔵 BLUE — Neutral (Reversal Signal)
Price closed between previous high/low. Momentum pausing — watch for potential reversal.
█ HOW TO USE
1. TREND CONFIRMATION
Price up + CVD up (green) = Strong trend ✓
Price up + CVD down (red) = Weak trend, possible reversal
2. DIVERGENCE
Price making new highs but CVD declining = Bearish divergence
Price making new lows but CVD rising = Bullish divergence
3. REVERSAL SIGNALS
Blue candles indicate momentum pause — often precede reversals
█ SETTINGS
• Reset Daily: Resets CVD at each session start
• Works best on futures, stocks, and crypto with volume data
█ CREDITS
Inspired by Bookmap's Cumulative Delta indicator.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.