Shows delta bars or CVD candles from recorded trades in a lower pane, with strong bars highlighted and price-versus-CVD divergences marked.
Overview
Delta: pane has two styles in its own pane. V1 Delta bars draws buying minus selling per bar as a histogram around a dashed zero line, with strong bars highlighted. V2 CVD plus divergence draws cumulative delta as candles and marks divergences with a line on the CVD pane and a dashed line on the price chart.
How it works
The data is the same per-trade order flow as Footprint and Delta (trades). Order flow comes from recorded futures trades for NQ, ES, YM, GC, SI and CL (micros use their mini contract's flow) and from public exchange trades for crypto.
In V1, a bar counts as strong when its delta is at least 2 times the average absolute delta. In V2, the CVD resets each session by default. A bearish divergence is a higher swing high in price with a lower CVD high between the two pivots; a bullish divergence is the mirror at lows. Up to four of the clearest recent divergences are drawn.
How to use it
- Some traders watch for price making a new high while CVD does not.
- Use strong delta bars to spot one-sided flow in a bar.
- Some traders compare CVD candles with price candles through the session.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| StyleOptions: V1 Delta bars, V2 CVD + divergence | V1 Delta bars |
| Strong bar at (x average |delta|) | 2 |
| CVD resetOptions: session, day, none | session |
| Mark divergences | On |
| Buyers | #03c988 |
| Sellers | #f23645 |
Notes and limits
- On futures charts use Delta (L2); a saved futures chart that still holds this one is switched to it automatically. Crypto charts keep this one.
- Needs per-trade data; other symbols show a note.
- Divergences are found between swing pivots, so they appear a few bars after the swing.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.