Live Order-Flow Chain with Price-Bucket Delta
Summary
This TradingView indicator builds a live visualization of recent price-changing volume. When volume increases and price changes, it treats the volume difference as directional flow, assigning a positive or negative sign according to the price move. It groups that flow into price levels spaced by a fixed multiple of the instrument’s minimum tick, while tracking each level’s accumulated delta.
The script draws labeled boxes for recent orders and connects them in sequence, with box size and horizontal placement scaled to relative volume. It also marks the observed price range and displays delta labels at nearby levels. Users can adjust chain length, colors, text size, and visibility of zero values, range boxes, and tick statistics.
The indicator is designed for live markets and explicitly does not operate during bar replay. Its order-flow estimates rely on changes in chart volume and price, so they should not be treated as a complete record of exchange-level aggressor activity. The document provides implementation details but no performance testing or evidence that the display predicts future prices.
Key ideas
- The script infers directional volume flow from volume increases paired with price changes.
- It accumulates signed flow into price buckets based on the instrument’s tick size.
- Recent inferred orders are drawn as connected, volume-scaled boxes.
- The indicator is intended for live markets and disables its main display in bar replay.
- Its chart-volume method is an estimate, not a verified exchange-level order record.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.