CVD + Volume Delta

Delta Volume + CVD Heatmap

This indicator combines Volume Delta, Cumulative Volume Delta (CVD), and relative intensity analysis to identify buying or selling dominance in the market. The Delta is calculated as the estimated difference between buying and selling volume for each candle, displaying positive and negative bars that highlight order flow imbalance.

The CVD accumulates volume deltas over time, providing a clear view of net buying or selling pressure. A heatmap-style coloring system normalizes the CVD within a configurable lookback period, highlighting strong accumulation (green), strong distribution (red), and neutral conditions (gray).

The indicator also provides real-time statistics, including total volume, buy volume, sell volume, Open Interest (OI) change, net Long/Short bias, and Delta as a percentage of total volume. Optional alerts notify traders when Delta exceeds 80% or 90% of candle volume, signaling potential institutional activity or high-conviction market moves.

Designed for traders who want to monitor order flow, absorption, exhaustion, and potential trend shifts through volume and positioning analysis.