OPEN-SOURCE SCRIPT
Updated [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
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
Release Notes
overlay true -> overlay falseRelease Notes
Volume Compressor added to the scriptthx gorx1 for the math
Release Notes
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)
Release Notes
cleanup passRelease Notes
Vector-Candle coloring and Ui cleanupRelease Notes
typo...Release Notes
Code cleanup and sorting the options into a more organiced wayRelease Notes
middleline color selectable and moved in the background behind all plotsRelease Notes
Lower timeframe added, Cleanup of inputs,
New Presentation of singular volume
Release Notes
Added calculation of POC and TPO with bucket systemOptimized displaying of volumeinside the candles via candle-body splitting based on buy and sell volume
Some minor optimisations
Applying of my coding template
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.