Delta Bars [Elykia]

Delta Bars [Elykia] — Order Flow & Momentum Analysis

Description:
Delta Bars [Elykia] is an "Order Flow Oscillator" designed to instantly visualize buyer and seller aggression within every price move.

Unlike standard volume, it breaks down what is happening "under the hood" (Delta) and offers a clear reading of market reversals thanks to intelligent divergence detection.

🔥 Key Features:

1. Dual Calculation Mode:

• Timeframe Mode: Displays classic Delta based on time (e.g., 1min, 5min).
  

• Range Bars Mode: (Exclusive) Builds Delta bars based on price movement (volatility) rather than time. This filters out noise during consolidation periods and reveals true strength during impulses.
  

2. 🧠 Smart Auto-Detection (Plug & Play):
No need to manually calculate "Box" or "Tick" sizes for each asset. The indicator automatically recognizes the asset you are trading and applies the optimal institutional calibration:

• US Indices (NQ, ES, YM...)
  

• Forex (EURUSD, JPY...)
  

• Crypto (BTC, ETH)
  

• Commodities (Gold, Oil)
  

• Note: You can still switch to manual mode if needed.
  

3. "Flip" Detection (Divergences) ⚡:
The indicator automatically identifies anomalies between price and Delta:

• If the candle closes Green but Delta is Negative (Absorption/Failed Selling Effort).
  

• If the candle closes Red but Delta is Positive.
  

• These situations are marked with a ⚡ symbol and a specific highlight color (Orange by default), often signaling an imminent reversal.
  

4. Technical Dashboard:
A discreet panel displays the current mode and "Box" size (in ticks/points) in real-time, ensuring you always know how the data is being filtered.

How to read the signals?

1. Green/Red Bars: They indicate Net Delta (the difference between buying and selling volume). A tall bar implies strong conviction.
2. The ⚡ Symbol (The Flip): This is the most critical signal. It appears when Delta contradicts the candle direction (e.g., Positive Delta on a Bearish candle). This indicates Absorption (passive orders blocking the move) and often precedes a reversal.
3. Range Bars Mode: Use this mode to "smooth out" the market. If the market is choppy, Range Bars will filter the noise and only draw a new bar if the price actually moves.

⚠️ Important: Replay Mode
Since this indicator performs heavy calculations (simulated tick-by-tick), it includes a safety feature for Replay Mode.

• To use Replay: Go to settings and set the "Force Replay Date" to a date close to your starting point. This ensures maximum fluidity and avoids TradingView limit errors.
  

Configuration:

• Works on all timeframes but excels on seconds charts (1s, 5s) or fast minute charts (1m) for scalping.