OPEN-SOURCE SCRIPT
Dominant Volume Delta + Volume Midline
This indicator visualizes buying vs. selling volume dominance per bar, highlighting which side is in control (buyers or sellers) using color-coded delta bars:
• Teal bars represent buy-dominant volume delta.
• Red bars represent sell-dominant volume delta.
• Gray bars represent total volume per candle.
• A horizontal white line at 50% of each bar’s volume is drawn to help identify whether the dominant delta is relatively strong or weak within the context of the total volume.
This tool helps traders quickly assess the strength of the dominant side on each bar and spot shifts in buying/selling pressure.
• Teal bars represent buy-dominant volume delta.
• Red bars represent sell-dominant volume delta.
• Gray bars represent total volume per candle.
• A horizontal white line at 50% of each bar’s volume is drawn to help identify whether the dominant delta is relatively strong or weak within the context of the total volume.
This tool helps traders quickly assess the strength of the dominant side on each bar and spot shifts in buying/selling pressure.
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.