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CVD Simple vs Oscillator
## CVD Simple vs Oscillator
This indicator displays **two versions** of Cumulative Volume Delta side by side for easy comparison:
- **Simple CVD** (Orange): A basic volume delta calculation using close vs open.
- **Oscillator** (Aqua): An advanced, smoother version calculated using intrabar data via TradingView’s `requestVolumeDelta()` function.
### Key Features
- Dual CVD visualization (Simple + Advanced)
- Daily reset by default (resets at the start of each new day)
- Manual vertical scaling enabled (`scale = scale.none`) — drag the right-side scale to stretch the lines
- Clean zero line for easy reference
- Lightweight and easy to read
### How to Use
**Simple CVD (Orange)**
A quick and basic representation of net buying vs selling pressure. It can appear spiky on high-volume bars.
**Oscillator (Aqua)**
A more accurate and smoother representation of cumulative order flow. This is generally the better line to follow for analysis.
### How to Read the Indicator
- **Above zero** → Net buying pressure is dominant
- **Below zero** → Net selling pressure is dominant
- **Rising line** → Buyers are gaining control
- **Falling line** → Sellers are gaining control
### Recommended Usage
- Use the **Oscillator** (Aqua) line for better signals
- Best used on **15m to Daily** timeframes
- Works well for identifying **divergences** between price and volume pressure
- Combine with price action and key support/resistance levels
### Settings
- **Reset Period**: Choose how often the CVD resets (Default = Daily)
- You can manually stretch the vertical scale by dragging the numbers on the right side of the pane
### Notes
This indicator helps traders visualize the ongoing battle between buyers and sellers through cumulative volume delta. The Oscillator version provides a cleaner view compared to basic delta calculations.
This indicator displays **two versions** of Cumulative Volume Delta side by side for easy comparison:
- **Simple CVD** (Orange): A basic volume delta calculation using close vs open.
- **Oscillator** (Aqua): An advanced, smoother version calculated using intrabar data via TradingView’s `requestVolumeDelta()` function.
### Key Features
- Dual CVD visualization (Simple + Advanced)
- Daily reset by default (resets at the start of each new day)
- Manual vertical scaling enabled (`scale = scale.none`) — drag the right-side scale to stretch the lines
- Clean zero line for easy reference
- Lightweight and easy to read
### How to Use
**Simple CVD (Orange)**
A quick and basic representation of net buying vs selling pressure. It can appear spiky on high-volume bars.
**Oscillator (Aqua)**
A more accurate and smoother representation of cumulative order flow. This is generally the better line to follow for analysis.
### How to Read the Indicator
- **Above zero** → Net buying pressure is dominant
- **Below zero** → Net selling pressure is dominant
- **Rising line** → Buyers are gaining control
- **Falling line** → Sellers are gaining control
### Recommended Usage
- Use the **Oscillator** (Aqua) line for better signals
- Best used on **15m to Daily** timeframes
- Works well for identifying **divergences** between price and volume pressure
- Combine with price action and key support/resistance levels
### Settings
- **Reset Period**: Choose how often the CVD resets (Default = Daily)
- You can manually stretch the vertical scale by dragging the numbers on the right side of the pane
### Notes
This indicator helps traders visualize the ongoing battle between buyers and sellers through cumulative volume delta. The Oscillator version provides a cleaner view compared to basic delta calculations.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。