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Volume CVD and Open Interest

Volume, Cumulative Delta Volume and Open Interest are great indications of strength and sentiment in the market. Until now they have required separate indicators, but this indicator can show them all.
With a clean and aesthetic plot, this indicator has the option to choose the data source:
- Volume - the total volume of transactions, buys and sells
- Up Volume - the total volume from buys only
- Down Volume - the total volume from sells only
- Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume
- Cumulative Delta - the sum of the up/down volume for the previous 14 bars
- Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA
- Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin!
There are several customization features for the colour of the plot, with a nice gradient colouring from high to low. You can choose the lookback which defines only the highest and lowest values for the colour gradient. There is also an option for how the Open Interest value is determined, based on Close, Open or differences between previous values.
While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed.
Volume shows strength, sentiment and volatility.
Open Interest does not show direction, but does indicate momentum and liquidity in the market.
With a clean and aesthetic plot, this indicator has the option to choose the data source:
- Volume - the total volume of transactions, buys and sells
- Up Volume - the total volume from buys only
- Down Volume - the total volume from sells only
- Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume
- Cumulative Delta - the sum of the up/down volume for the previous 14 bars
- Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA
- Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin!
There are several customization features for the colour of the plot, with a nice gradient colouring from high to low. You can choose the lookback which defines only the highest and lowest values for the colour gradient. There is also an option for how the Open Interest value is determined, based on Close, Open or differences between previous values.
While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed.
Volume shows strength, sentiment and volatility.
Open Interest does not show direction, but does indicate momentum and liquidity in the market.
オープンソーススクリプト
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Contact me directly on TradingView or Twitter for queries, for purchasing and indicator guides please check here texmoonbeam.notion.site/TradingView-Indicators-by-Texmoonbeam-9f09de3020864ff6a786004af3ba2488
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です!無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
Contact me directly on TradingView or Twitter for queries, for purchasing and indicator guides please check here texmoonbeam.notion.site/TradingView-Indicators-by-Texmoonbeam-9f09de3020864ff6a786004af3ba2488
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。