Cumulative Volume Delta from M1 Candle Direction and Tick Volume
Summary
The document describes a MetaTrader 5 indicator that plots cumulative volume delta (CVD) as candles in a separate chart window. Its free version uses one-minute bars: each bar’s direction is determined by whether its close is above or below its open, and that sign is multiplied by tick volume to estimate the bar’s buying or selling pressure. The indicator accumulates these deltas over time.
Users can choose to reset the cumulative series at a timeframe boundary or leave it running without resets. The document says the tool can be applied across symbols and chart timeframes, but its calculation is based on M1 data. It provides no performance evidence or validation against actual trade volume; the method is a simple directional proxy based on tick volume. Results also depend on available one-minute history, which the platform may need to download before the indicator updates.
Key ideas
- CVD is calculated by summing signed tick volume across one-minute candles.
- A candle’s close relative to its open determines whether its tick volume is positive or negative.
- The indicator displays cumulative values as candles in a separate chart window.
- Users can reset the running total at a selected timeframe boundary or disable resets.
- The method is a tick-volume estimate and requires accessible M1 history.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.