OPEN-SOURCE SCRIPT
Volume Wave and Volume Delta
This indicator is based on the standard Volume Delta script
It adds a volume wave so you can see:
This gives a great indication of volume and buying / selling pressure without needing separate indicators for delta and volume. Uses a lower time-frame to show the delta max (wick) and delta close (candle body)
It adds a volume wave so you can see:
- Total volume (blue)
- Delta - difference in volume between buyers (teal) and sellers (red)
This gives a great indication of volume and buying / selling pressure without needing separate indicators for delta and volume. Uses a lower time-frame to show the delta max (wick) and delta close (candle body)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.