Tuesday, July 2, 2024

Tradingview.com | Volume delta

 Here is the link.

The Volume Delta indicator uses intrabar volume and price fluctuations to estimate the difference (delta) between buying and selling pressure within each chart bar, providing insight into an instrument's sentiment and market dynamics. 

The indicator analyzes each chart bar from an intrabar timeframe (i.e., a timeframe lower than the chart's), categorizing each intrabar's volume as positive or negative. It gradually accumulates the polarized volume values throughout a chart bar to calculate the volume delta, and it keeps track of the highest and lowest volume delta values achieved over the bar's duration. 

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