PROTECTED SOURCE SCRIPT
Delta Volume [by RODION]
This indicator measures the difference between buying and selling volumes, also known as Delta Volume, to analyze volume imbalances in the market.
Key Features:
• Delta Volume Calculation: Tracks buying and selling volumes on lower timeframe candles to highlight volume imbalances.
• Smoothed Delta Volume: Includes a weighted moving average (WMA) to identify overall trends and reduce noise.
• Display Options: Choose between Delta Volume, Smoothed Delta Volume, or both for a comprehensive view.
• Percentage Mode: Optionally display Delta Volume as a percentage of the total candle volume for deeper insights.
Best For:
Traders looking to gain insights into market dynamics through volume analysis and trend identification.
Key Features:
• Delta Volume Calculation: Tracks buying and selling volumes on lower timeframe candles to highlight volume imbalances.
• Smoothed Delta Volume: Includes a weighted moving average (WMA) to identify overall trends and reduce noise.
• Display Options: Choose between Delta Volume, Smoothed Delta Volume, or both for a comprehensive view.
• Percentage Mode: Optionally display Delta Volume as a percentage of the total candle volume for deeper insights.
Best For:
Traders looking to gain insights into market dynamics through volume analysis and trend identification.
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