OPEN-SOURCE SCRIPT
Cumulative Volume Delta
Cumulative Volume Delta (CVD)
OVERVIEW
This indicator approximates the net balance between buying and selling pressure and accumulates it through the session, so you can see whether buyers or sellers
are in control and spot momentum that disagrees with price (divergence).
HOW IT WORKS
- Per-bar delta is estimated two ways (selectable): "Range-based" splits each bar's volume by where price closed within its range (smoother), and "Bar direction" assigns the full bar volume by candle colour.
- The running total is the CVD line, which can reset each day (intraday session delta) or run continuously.
- Divergences are flagged when price makes a higher pivot high while CVD does not (bearish), or a lower pivot low while CVD does not (bullish).
WHAT YOU SEE
- A CVD line with a soft fill, coloured by direction, around a zero baseline.
- "Div" labels at qualifying pivots.
- A status box with the current CVD value and whether buyers or sellers lead.
HOW TO USE
- Rising CVD supports up-moves; falling CVD supports down-moves.
- If price pushes to new highs while CVD stalls or falls, the move may be weak - a caution for longs and a potential reversal context.
- Combine with your own levels and risk plan.
NOTES
- This is an approximation from standard OHLCV bars, not true tick-by-tick order flow. Results depend on a reliable volume feed (futures and liquid stocks work best). For research and education only; not financial advice.
OVERVIEW
This indicator approximates the net balance between buying and selling pressure and accumulates it through the session, so you can see whether buyers or sellers
are in control and spot momentum that disagrees with price (divergence).
HOW IT WORKS
- Per-bar delta is estimated two ways (selectable): "Range-based" splits each bar's volume by where price closed within its range (smoother), and "Bar direction" assigns the full bar volume by candle colour.
- The running total is the CVD line, which can reset each day (intraday session delta) or run continuously.
- Divergences are flagged when price makes a higher pivot high while CVD does not (bearish), or a lower pivot low while CVD does not (bullish).
WHAT YOU SEE
- A CVD line with a soft fill, coloured by direction, around a zero baseline.
- "Div" labels at qualifying pivots.
- A status box with the current CVD value and whether buyers or sellers lead.
HOW TO USE
- Rising CVD supports up-moves; falling CVD supports down-moves.
- If price pushes to new highs while CVD stalls or falls, the move may be weak - a caution for longs and a potential reversal context.
- Combine with your own levels and risk plan.
NOTES
- This is an approximation from standard OHLCV bars, not true tick-by-tick order flow. Results depend on a reliable volume feed (futures and liquid stocks work best). For research and education only; not financial advice.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.