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Volume Delta Candles

By LuxAlgoApr 11, 2024

Volume Delta Candles is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Volume Delta Candles embeds the volume delta read directly in your candles. Using lower-timeframe or real-time tick data, it measures the balance of buy and sell volume inside each bar and paints that delta as a proportional colored segment (filling upward from the base for net buying, downward from the top for net selling), while a contrasting line marks the price level where the bar's heaviest trading took place.

How to Trade the Volume Delta Candles?

  • Green segment rising from the candle base: positive delta. Buyers outweighed sellers inside the bar.
  • Red segment hanging from the top: negative delta, net selling pressure.
  • Delta color against candle color: a red delta inside a green-bordered candle (or the reverse) means order flow disagrees with the bar's direction, a conflict worth resolving before trusting the move.
  • Max-volume price line: the busiest level inside the bar; enabling the previous-bar dot shows how these levels migrate from candle to candle.

The delta can be drawn across the full bar or half of it, opposing-sentiment colors are customizable, and a dotted vertical line marks where intrabar data begins. Optional labels print volume, delta, and percentage values for exact reading.

Volume Delta Candles Settings

  • Data from: lower-timeframe data or real-time tick data.
  • Resolution / Auto + multiple (default 1500): intrabar precision. On a daily chart the default resolves to a one-minute lower timeframe.
  • Display: colors the full bar or half of it.
  • Show Previous Max Volume Price (default disabled): dot marking the prior bar's highest-volume level.
  • Table, label, and color options control the timeframe readout and detail text.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
NinjaTrader
MetaTrader 4/5
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.