Hey traders!
I've received dozens of requests for this style of Cumulative Volume indicator over the past year since I released my RVOL By Time and standard RVOL indicators.
After studying Pine Script deeply and using a bit of old fashioned trial and error over the past few months, I finally got it to work!
This script adds up the cumulative volume...
Cumulative Volume Delta or simply CVD is the accumulation of the Total Volume Delta .
It starts accumulating from the beginning of the available volume data.
It only shows meaningful information for symbols with volume data.
It does not change its shape when changing timeframes.
How to use it:
You can start using it by searching for divergences with the price.
