Thanks to the new TradingView indicator Up/Down Volume, it is now possible to get accurate information on Agression (market buying vs market selling) However, as they only provide the value of delta, I've made this indicator to show the cummulative value, in the form of candles. It is great to detect divergences in the macro and in the micro scale (As in divergences in each candle and divergences in higher or lower tops or bottoms)
Hope you can make good use of it!
リリースノート
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Oops I made it not visible on Daily charts, should be fixed now
リリースノート
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Fixed indicator not visible on certain assets and timeframes
PS: Traders e investidores Brasileiros em busca de um Assessor XP Investimentos dedicado e capaz de criar e utilizar ferramentas de qualidade para trazer o melhor acompanhamento aos seus clientes, podem entrar em contato comigo aqui nos comentários ou via DM no Twitter
リリースノート
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Added option to choose wether to reset on start of day/month/year.
This looks really neat, is there any way to add alerts to bullish cumulative delta?
kiranchandrapaul
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can you please add center 0 line?
Ghebre
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Thank you . I saw someone talking about it in a youtube.
Project_Money_Heist
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Could You explains how to use it? As I see if price makes top, but volume delta candles drop down with a gap,.it seems to price starts reverse and makes swing down ?
GioLucaas
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@Project_Money_Heist, The volume delta "gaps" because it resets itself everyday to zero. I recommend you search through google and youtube about understanding Delta and Cummulative Delta, there is a lot of free content explaining it very well. Some tips I can give is to only consider the delta from the current day, and to use it as a diretional bias (as it shows in which direction there is more aggression with market orders) You can also look for divergences, either in big swings, as you would with a MACD, or in a single candle (for example a positive candle with negative Delta or vice-versa) Hope I was able to help! :)