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.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.