Delta Volume Profile [BigBeluga]

🔵Delta Volume Profile [BigBeluga]
A dynamic volume analysis tool that builds two separate horizontal profiles: one for bullish candles and one for bearish candles. This indicator helps traders identify the true balance of buying vs. selling volume across price levels, highlighting points of control (POCs), delta dominance, and hidden volume clusters with remarkable precision.

🔵 KEY FEATURES

Split Volume Profiles (Bull vs. Bear):
The indicator separates volume based on candle direction:

• If close > open, the candle’s volume is added to the bullish profile (positive volume).
  
• If close < open, it contributes to the bearish profile (negative volume).
  

ATR-Based Binning:
The price range over the selected lookback is split into bins using ATR(200) as the bin height.
Each bin accumulates both bull and bear volumes to form the dual-sided profile.

Bull and Bear Volume Bars:

• Bullish volumes are shown as right-facing bars on the right side, colored with a bullish gradient.
  
• Bearish volumes appear as left-facing bars on the left side, shaded with a bearish gradient.
  
• Each bar includes a volume label (e.g., +12.45K or -9.33K) to show exact volume at that price level.
  

• Points of Control (POC) Highlighting:
  The bin with the highest bullish volume is marked with a border in POC+ color (default: blue).
  The bin with the highest bearish volume is marked with a POC− color (default: orange).
  
• Total Volume Density Map:
  A neutral gray background box is plotted behind candles showing the total volume (bull + bear) per bin.
  This reveals high-interest price zones regardless of direction.
  

Delta and Total Volume Summary:

• 
• A Delta label appears at the top, showing net % difference between bull and bear volume.
  
• A Total label at the bottom shows total accumulated volume across all bins.
  

🔵 HOW IT WORKS

• The indicator captures all candles within the lookback period.
  
• It calculates the price range and splits it into bins using ATR for adaptive resolution.
  
• For each candle:
  If price intersects a bin and close > open, volume is added to the positive profile.
  If close < open, volume is added to the negative profile.
  
• The result is two side-by-side histograms at each price level—one for buyers, one for sellers.
  
• The bin with the highest value on each side is visually emphasized using POC highlight colors.
  
• At the end, the script calculates:
  
  • Delta: Total % difference between bull and bear volumes.
    
  • Total: Sum of all volumes in the lookback window.
    

🔵 USAGE

• Volume Imbalance Zones: Identify price levels where buyers or sellers were clearly dominant.
  
• Fade or Follow Volume Clusters: Use POC+ or POC− levels for reaction trades or breakouts.
  
• Delta Strength Filtering: Strong delta values (> ±20%) suggest momentum or exhaustion setups.
  
• Volume-Based Anchoring: Use profile levels to mark hidden support/resistance and execution zones.
  

🔵 CONCLUSION
Delta Volume Profile [BigBeluga] offers a unique advantage in market reading by separating buyer and seller activity into two visual layers. This allows traders to not only spot where volume was high, but also who was more aggressive. Whether you’re analyzing trend continuations, reversals, or absorption levels, this indicator gives you the transparency needed to trade with confidence.