OPEN-SOURCE SCRIPT
Futures Volume + Delta - CFD Charts
A volume pane for CFD and cash-index charts that shows the REAL traded volume
of the matching futures contract — plus an estimated buy/sell delta and
absorption flags for effort-without-result bars.
What makes it original: CFD "volume" is broker tick count, not market
participation. This pane never uses it — every column is the exchange volume
of the auto-detected futures contract. The delta column is built from the
futures contract's own lower-timeframe candles (up-candle volume counts as
buying, down-candle volume as selling): the volume is real, only the side
attribution is an estimate, and it is labeled as such. Absorption flags then
combine both axes — volume percentile high while the price range percentile is
low — the candle-data footprint that hidden passive interest (iceberg-style
execution) leaves behind. Pine has no order book, so this is explicitly a
footprint proxy, not order-book detection.
How it works:
- The futures contract is auto-detected from the chart symbol (DAX/GER40 ->
FDAX, NAS100 -> NQ, US30 -> YM, UK100 -> Z, US500 -> ES), or set manually.
- Histogram = futures volume per chart bar; columns tint with bar direction,
a configurable MA marks the average.
- Delta = buy-minus-sell futures volume from 1/5/15-minute intrabars
(auto-selected by chart timeframe, manual override). Lower-timeframe
history is limited, so the delta reaches less far back than the histogram.
- Absorption flag (orange diamond + alert): volume percentile >= X and range
percentile <= Y over a rolling lookback — both thresholds adjustable.
- A status label confirms the active source and the delta resolution.
How to use it: read it like a footprint-lite. Rising price on rising futures
volume = participation confirms the move. An absorption diamond after an
extended run — heavy contracts traded, no price progress — marks where passive
interest is absorbing the aggression; combined with a one-sided delta it is a
common exhaustion/iceberg footprint. Delayed futures feeds confirm bars a few
minutes late; the historical picture is complete.
*This script is part of a consistent set of open-source session, range and
volume tools — the companions are on my profile.*
of the matching futures contract — plus an estimated buy/sell delta and
absorption flags for effort-without-result bars.
What makes it original: CFD "volume" is broker tick count, not market
participation. This pane never uses it — every column is the exchange volume
of the auto-detected futures contract. The delta column is built from the
futures contract's own lower-timeframe candles (up-candle volume counts as
buying, down-candle volume as selling): the volume is real, only the side
attribution is an estimate, and it is labeled as such. Absorption flags then
combine both axes — volume percentile high while the price range percentile is
low — the candle-data footprint that hidden passive interest (iceberg-style
execution) leaves behind. Pine has no order book, so this is explicitly a
footprint proxy, not order-book detection.
How it works:
- The futures contract is auto-detected from the chart symbol (DAX/GER40 ->
FDAX, NAS100 -> NQ, US30 -> YM, UK100 -> Z, US500 -> ES), or set manually.
- Histogram = futures volume per chart bar; columns tint with bar direction,
a configurable MA marks the average.
- Delta = buy-minus-sell futures volume from 1/5/15-minute intrabars
(auto-selected by chart timeframe, manual override). Lower-timeframe
history is limited, so the delta reaches less far back than the histogram.
- Absorption flag (orange diamond + alert): volume percentile >= X and range
percentile <= Y over a rolling lookback — both thresholds adjustable.
- A status label confirms the active source and the delta resolution.
How to use it: read it like a footprint-lite. Rising price on rising futures
volume = participation confirms the move. An absorption diamond after an
extended run — heavy contracts traded, no price progress — marks where passive
interest is absorbing the aggression; combined with a one-sided delta it is a
common exhaustion/iceberg footprint. Delayed futures feeds confirm bars a few
minutes late; the historical picture is complete.
*This script is part of a consistent set of open-source session, range and
volume tools — the companions are on my profile.*
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.