OPEN-SOURCE SCRIPT
Order Flow Delta Proxy (Tick-Rule)
This indicator approximates buy-side versus sell-side trading pressure, commonly referred to as order flow delta or cumulative volume delta, using a tick-rule method applied to lower-timeframe price data. True bid and ask tick data is not available for most index and cash market symbols on this platform, so this script provides a volume-based directional approximation instead.
How it works:
For each bar on the chart, the script pulls a configurable lower-timeframe series of closes and volumes using request.security_lower_tf(). Each lower-timeframe close is compared to the prior lower-timeframe close: if price ticked up, that portion of volume is classified as buy-side; if price ticked down, it is classified as sell-side; unchanged ticks are split evenly, following standard tick-rule convention. These classified volumes are summed per chart bar to produce a per-bar delta value, plotted as a histogram, alongside a running cumulative delta line. If lower-timeframe data is unavailable, the script falls back to a close-position-within-range volume split as an approximation.
Notes and limitations:
This is a volume-based directional proxy, not real bid or ask order flow data. The currently forming bar's values can update intrabar as new lower-timeframe data arrives, which is expected behavior for any real-time order-flow style tool; once a bar closes, its value is fixed. This script does not generate trade signals and does not guarantee profitability. It is intended as a supplementary analytical tool and should be used alongside sound risk management. Past patterns in delta do not guarantee future price behavior.
How it works:
For each bar on the chart, the script pulls a configurable lower-timeframe series of closes and volumes using request.security_lower_tf(). Each lower-timeframe close is compared to the prior lower-timeframe close: if price ticked up, that portion of volume is classified as buy-side; if price ticked down, it is classified as sell-side; unchanged ticks are split evenly, following standard tick-rule convention. These classified volumes are summed per chart bar to produce a per-bar delta value, plotted as a histogram, alongside a running cumulative delta line. If lower-timeframe data is unavailable, the script falls back to a close-position-within-range volume split as an approximation.
Notes and limitations:
This is a volume-based directional proxy, not real bid or ask order flow data. The currently forming bar's values can update intrabar as new lower-timeframe data arrives, which is expected behavior for any real-time order-flow style tool; once a bar closes, its value is fixed. This script does not generate trade signals and does not guarantee profitability. It is intended as a supplementary analytical tool and should be used alongside sound risk management. Past patterns in delta do not guarantee future price behavior.
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.