Realtime Delta Volume Action

The Realtime Delta Volume Action indicator is a specialized tool that displays realtime volume and tick delta information on a per-bar basis. It is designed for short-term price action traders who require granular data on buyer/seller pressure gathered as updates flow through the chart feed.

Usage

This indicator builds custom candles optimized for delta volume visualization and is strictly functional for realtime data. The absolute and polarity values of volume delta (DV) are presented alongside total volume and a percentage of the total, allowing traders to gauge the significance of market moves. For example, a low DV% might suggest market indecision, while a high DV% on a large candle body indicates strong aggressive participation.

Traders can also utilize the Point of Control (POC) lines to identify the price level where the most significant volume occurred within a bar. Ticks delta (DT) information provided above the bars helps identify increases in activity frequency, which often precedes volatility or trend shifts.

Details

The script monitors every update in the chart feed to determine if price has moved up or down since the previous tick. This movement determines the polarity of the volume and tick for that specific update. If the price remains unchanged, the script uses the last known polarity. This cumulative calculation provides a high-precision running delta that resets upon bar close or manual script refresh.

Unlike historical backtesting tools, this method captures many more updates than are typically available through historical intrabar inspection. It calculates:

• Delta Volume (DV): Net difference between buying and selling volume.
• Delta Ticks (DT): Net difference between up-ticks and down-ticks.
• POC: Volume-weighted average price of all updates during the bar.

Settings

• Volume Delta (DV): Toggles for volume delta values, percentage of total volume, and visibility of rising volume markers.
• Ticks Delta (DT): Controls for tick delta information, total ticks, and activity frequency markers.
• Point of Control (POC): Customization for POC line visibility, width, and divergence colors.
• Candles: Settings to adjust candle body colors based on delta polarity and configure "Strong Bar" criteria.
• Markers: Configuration for up to five custom markers triggered by combinations of 14 specific volume, tick, and price conditions.
• Alerts: Settings to trigger notifications when configured markers occur at the close of a bar.

FAQ

How do I interpret the candle body colors? The body color intensity is determined by the DV%. Brighter colors indicate that a higher percentage of the total volume was dominated by one side. Orange bodies (by default) indicate a divergence between price action and delta polarity.

Why does the information disappear when I refresh? Since TradingView does not store tick-level updates in historical data for standard timeframes, the data is accumulated in "real-time only" variables. Refreshing the chart clears the local memory of these accumulated updates.

How can I access the Realtime Delta Volume Action indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.