This script presents volume delta data in various forms!
Features
Classic mode: Volume delta boxes oriented to the right of the bar (sell closer / buy further)
On Bar mode: Volume delta boxes oriented on the bar (sell left / buy right)
Pure Ladder mode: Pure volume delta ladder
PoC highlighting
Color-coordinated delta boxes. Marginal volume differences are substantially shaded while large volume differences are lightly shaded.
Volume delta boxes can be merged and delta values removed to generate a color-only canvas reflecting vol. delta differences in price blocks.
Price bars can be split up to 497 times - allowing for greater precision.
Total volume delta for the bar and timestamp included
The image above shows Classic mode - delta blocks are oriented left/right contingent on positive/negative values!
The image above shows the same price sequence; however, delta blocks are superimposed on the price bar. Left-side blocks reflect negative delta while right-side blocks reflect positive delta! To apply this display method - select "On Bar" for the "Data Display Method" setting!
The image above shows "Pure Ladder" mode. Delta blocks remain color-coordinated; however, all delta blocks retain the same x-axis as the price bar they were calculated for!
Additionally, you can select to remove the delta values and merge the delta boxes to generate a color-based canvas indicative of volume delta at traded price levels!
The image above shows the same price sequence; however, the "Volume Assumption" setting is activated.
When active, the indicator assumes a 60/ 40 split when a level is traded at and only one metric - "buy volume" or "sell volume" is recorded. This means there shouldn't be any levels recorded where "buy volume" is greater than 0 and "sell volume" equals 0 and vice versa. While this assumption was performed arbitrarily, it may help better replicate volume delta and OI delta calculations seen on other charting platforms.
This option is configurable; you can select to have the script not assume a 60/ 40 split and instead record volume "as is" at the corresponding price level!
I plan to roll out additional features for the indicator - particularly tick-based price blocks! Stay tuned (:
thank you very very much for making such wonderful indicator excellent job. i would like to ask a favour. at present data can only be seen on daily and below time frame which is excellent.can you please add code so that we can see on weekly and monthly time frame also it would be a great help thanks in advance
PKT168
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Much appreciate bro. thank you. I would like to request the filter menu to select data can only see the POC number of each candle. thank you in advance.
awesome code dude... will it be possible to add cumulative total for a Day,hour,weekly etc ?? It is like your other code Heat Map but it takes default number of bars allowed by TV .You can give number of bars as input ,so that for eg in daily frame i will give x ((5 days for weeks ) bars back to get a cumulative Heat map... thanks for sharing such a nice code...
llbhavull
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Marzipug
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The only problem i've noticed is that sometimes, when a new candle prints the entire ladder goes out of sync by a candle on pure ladder mode. If this could be fixed I would love that.. but apart from that it's perfect.
Marzipug
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@Marzipug, It seems to happen every 15 minutes. Please fix this it would be much appreciated
WhatsNew
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Very great indicator!! How can i change the 'max bar count ' to 5000? when I change the number, it show me the ' switch' is getting problem. please help me ^_^