Tick-Based Cumulative Volume Delta and Price Comparison
Summary
This indicator visualizes cumulative volume delta (CVD) alongside price, with options for line or candle displays, separate delta views, key levels, dots, scale guides, and selectable moving-average styles. Its extensive plotting logic normalizes price and delta so their movements can be compared in a shared visual space. The script also calculates tick-level changes during realtime bars and displays directional and percentage summaries, making it an order-flow visualization aid rather than a stated entry or exit system.
The document provides implementation code and configuration choices but no trading rules, backtest, or evidence that CVD divergences predict returns. Its tick calculations and display behavior depend on realtime updates, so historical bars may not offer the same detail as an actively updating market. The indicator is most useful as a way to inspect how buying or selling pressure appears alongside price; interpretation and any trading decisions remain discretionary, and the document does not establish predictive reliability.
Key ideas
- The indicator plots cumulative volume delta alongside price for visual comparison.
- Users can choose line or candle displays and several average types for price and CVD.
- Normalization places price and delta in comparable visual ranges and supports key-level displays.
- Realtime tick updates provide intrabar changes that may not be available in the same form on historical bars.
- The document supplies no entry rules, backtest evidence, or proof that the visualization predicts returns.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.