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Volume Delta Methods (Chart)

By LuxAlgoAug 3, 2023

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

Volume Delta Methods (Chart) brings order flow onto the price chart itself, plotting the net difference between buying and selling activity and total volume as histograms, with buy/sell volume shown in the tooltips of the optional value and divergence labels. Layered on top, cumulative volume delta, drawn as a line, area, baseline, or candles, aggregates that pressure over time, showing which side has controlled an entire move rather than a single bar.

How to Trade the Volume Delta Methods (Chart)?

  • Positive delta: buying pressure leads the bar; negative delta: sellers dominate it.
  • Delta polarity against bar polarity: when the two disagree, a divergence prints, an early clue for reversals, or for continuation hiding beneath the surface.
  • CVD direction and divergences: sustained CVD trends reveal longer-horizon conviction, and price rising against a falling CVD deserves suspicion.
  • Numerical values: optional labels for reading exact delta figures.

Two estimation modes drive the numbers: Intrabar Buying/Selling Pressure infers direction from where each lower-timeframe close lands within its bar's range, while Intrabar Polarity classifies by close versus open. A volume moving average and a CVD smoothing line are available for extra context.

Volume Delta Methods (Chart) Settings

  • Calculation Method: 'Intrabar Buying/Selling Pressure' or 'Intrabar Polarity'.
  • Lower Timeframe Precision (default Auto): granularity of the intrabar estimate.
  • Presentation toggles: Volume Delta, Cumulative Volume Delta, and Divergences on or off.
  • Advanced features: Volume Moving Average and CVD Smoothing Line.
  • Colors, display length, and height are adjustable per element.

Frequently Asked Questions

Free to use

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

  • Up to 500 strategy 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
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.