QuantTherapy

Cumulative Volume Delta Estimate @PuppyTherapy

Cumulate Volume Delta is the net difference between the buying and selling at each bar. This is then cumulated over the number of periods you define. In Orderflow trading cumulated volume delta is usually calculated with the help of market buys and market sells. Since we do have access to that kind of information as of now a different approach. I call this script an estimate due to the approach I have chosen to get the information and that is a continuous loop over smaller timeframe calls via a security function.

This approach has been publicly released here:

How to use the indicator?

- on HTF when Moving average changes color from an extreme value.
- Volume divergence - seller volume is decreasing and the price is increasing a strong buying opportunity

This indicator is just an estimate due to the approach chosen. Also, avoid using this on low Satoshi coins due to the nature of the calculation.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Want to use this script on a chart?
https://www.tradingview.com/u/QuantTherapy/#published-scripts

Tips:
ETH: 0x09396D8D78aC690f67F0a819CC08AF559F72c672
BTC: bc1qlzsh6q6m6vm2y72flq86w3zla97hc7jv9fay49
LTC: LYHj4WDN7BPu5294cSpqK3SgWSWdDX56Qt

Comments

sir,can you share the code, i want to do some change for this indicator, improve this indicator and add more function for it?
thank you so much
sincerely,
+5 Reply
nice!
Reply
Looking good
Reply
Hi there, can you help me write a simple indicator?
I have a screenshot of the indicator but dont know how to write.
Please let me know.

Thanks.

Kind regards,

Hannes.
Reply
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