OPEN-SOURCE SCRIPT
CVD v2 (Cumulative Volume Delta) + Divergences
🇬🇧 ENGLISH
EGU • CVD v2 (Cumulative Volume Delta + Divergences)
The CVD (Cumulative Volume Delta) is an advanced volume indicator that measures in real time the battle between buyers and sellers, bar by bar, by accumulating the volume delta over a defined period.
Unlike classic momentum indicators such as RSI which only analyze price, the CVD analyzes who is truly pushing the market — buyers or sellers — by weighting volume according to the close position within each candle.
Features :
Bar-by-bar delta histogram (instant buying/selling pressure)
Cumulative CVD line with dynamic color based on trend direction
Adjustable CVD EMA to smooth the signal
Automatic detection of bullish and bearish divergences with line drawing
Built-in alerts on divergences and zero-line crossovers
Configurable reset : Never / Weekly / Monthly
Real-time information table (CVD state, trend, current bar delta)
Background coloring based on positive/negative CVD zone
How to use it :
Use CVD divergences in confluence with your Supply & Demand zones to confirm momentum exhaustion before entering a trade
Combine with the RSI : a divergence on both indicators simultaneously is a very strong signal
The zero-line crossover signals a shift in dominance between buyers and sellers
Choose your reset according to your trading style : Weekly for short swing trades (3–14 days), Monthly for longer positions
Recommended settings :
Short swing trading (few days) → Weekly reset, EMA 21
Medium swing trading (2–4 weeks) → Monthly reset, EMA 21
Script created by EGU
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.