[Mad] Volume Delta

This is a volume indicator that splits purchases and sales into 2 separate columns.

In addition, I added some POW factors to scale the volume to a more compact or expanded picture.

The SMA draws the red line indicating the volume of purchases and sales, also with POW factor customizable, so it is possible to scale it within the volume bars

what to do with this information: it is very easy to find rotation points when the selling volume and the buying volume are equal, this is where possible rotation phases occur

have fun

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overlay true -> overlay false

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Volume Compressor added to the script
thx gorx1 for the math

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extension with "in candle delta"
addition of a dev-cloud
changed standard colors from
color.rgb(000, 255, 255, 000) and color.rgb(255, 255, 000, 000) to
color.rgb(000, 255, 000, 000) and color.rgb(255, 000, 000, 000)

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cleanup pass

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Vector-Candle coloring and Ui cleanup

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typo...

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Code cleanup and sorting the options into a more organiced way

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middleline color selectable and moved in the background behind all plots

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Lower timeframe added,
Cleanup of inputs,
New Presentation of singular volume

djmad

djmad|Bitblockart

Script open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

djmad

djmad|Bitblockart

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.