Intrabar Volume Delta Candles, Balances, and Divergence Markers
Summary
This indicator uses lower-timeframe data within each chart bar to estimate up and down volume and their delta. It can recolor candles according to selected volume-balance measures, add volume-based tops and bottoms, highlight divergences between price-bar polarity and volume balance, and display configurable markers and alerts. Users can select among several balance definitions and choose whether the visual emphasis uses the full bar or particular candle levels.
The indicator exposes a tradeoff between precision and historical coverage: analyzing more intrabars per chart bar improves detail but uses a finite intrabar allowance, leaving fewer chart bars covered. It can also flag discrepancies between chart-timeframe volume and the sum of intrabar volume. The source warns that very few intrabars make results less reliable and that some symbols may lack intrabar volume. These are visualization and diagnostic tools; the document provides no evidence that their signals predict returns or constitute a tested trading strategy.
Key ideas
- Lower-timeframe intrabars are used to estimate up volume, down volume, and volume delta within chart bars.
- Candle colors, volume tops and bottoms, divergence levels, markers, and alerts are configurable.
- Greater intrabar detail reduces the number of chart bars that can be analyzed under the data limit.
- The indicator can identify mismatches between chart-bar volume and summed intrabar volume.
- Sparse or unavailable intrabar data reduces reliability, and no trading performance evidence is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.