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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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.