Volume Delta Candles
By LuxAlgoApr 11, 2024
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.
- Display past max volume price: dot marking the prior bar's highest-volume level.
- Table, label, and color options control the timeframe readout and detail text.
Frequently Asked Questions
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