OPEN-SOURCE SCRIPT
Karmen Order Flow
Institutional Order Flow Analysis.
Order flow analysis is about reading the real-time buying and selling pressure in a market by watching how orders actually hit the tape — rather than just looking at price and volume after the fact.
Here's what each pillar means in practice, and then the script:Delta — the difference between volume hitting the ask (buy aggression) vs the bid (sell aggression) within a bar. Positive delta = buyers in control that bar.Bid/ask imbalance — when one side of the book is dramatically thinner than the other, price tends to move toward the imbalance. Strong ask imbalance = upward pressure.Absorption — when large limit orders are waiting at a level and aggressors keep hitting them without moving price much. This signals a strong player defending that level.Footprint / Volume at Price (VAP) — shows exactly how much volume traded at each price tick inside a candle. Reveals where the real interest was, not just the candle's open/close.VWAP — the fair-value anchor for institutional flow. Price above VWAP with positive delta = strong bullish order flow.
Order flow analysis is about reading the real-time buying and selling pressure in a market by watching how orders actually hit the tape — rather than just looking at price and volume after the fact.
Here's what each pillar means in practice, and then the script:Delta — the difference between volume hitting the ask (buy aggression) vs the bid (sell aggression) within a bar. Positive delta = buyers in control that bar.Bid/ask imbalance — when one side of the book is dramatically thinner than the other, price tends to move toward the imbalance. Strong ask imbalance = upward pressure.Absorption — when large limit orders are waiting at a level and aggressors keep hitting them without moving price much. This signals a strong player defending that level.Footprint / Volume at Price (VAP) — shows exactly how much volume traded at each price tick inside a candle. Reveals where the real interest was, not just the candle's open/close.VWAP — the fair-value anchor for institutional flow. Price above VWAP with positive delta = strong bullish order flow.
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Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.