INVITE-ONLY SCRIPT
Delta Ladder Candles Spaceman
Updated
Delta Ladder Candles Spaceman
This is a tool thats very useful for traders primarily a goal to provide all types of traders some confluence to price action trading.
Using calculation of time and volume, the candles are created for the higher timeframe adjusted for buying and selling delta volume.
This tool is useful for determining an increase in buy or sell pressure as well as possibly to show trapped buyers and sellers when near points of extremes such as swing highs and lows.
Auto tick size takes into account exisiting volatility and finding an average to generate a size that is likely applicable to the timeframe selected whilst also allowing
the indicator to generate data accurately on all potential charts.
To generate the data it creates a candle profile essentially with an empty body to allow for a look into the general formation of a candle.
The logic is to provide a simpler version of volume metrics for tv charts without compramising.
TO DO:
Consider a non delta variant setting.
Look back period increase potential, perhaps allow for set periods to create candles on ignoring all other data points.
Potetial intrabar state component to give a more accurate buy/sell delta
This is a tool thats very useful for traders primarily a goal to provide all types of traders some confluence to price action trading.
Using calculation of time and volume, the candles are created for the higher timeframe adjusted for buying and selling delta volume.
This tool is useful for determining an increase in buy or sell pressure as well as possibly to show trapped buyers and sellers when near points of extremes such as swing highs and lows.
Auto tick size takes into account exisiting volatility and finding an average to generate a size that is likely applicable to the timeframe selected whilst also allowing
the indicator to generate data accurately on all potential charts.
To generate the data it creates a candle profile essentially with an empty body to allow for a look into the general formation of a candle.
The logic is to provide a simpler version of volume metrics for tv charts without compramising.
TO DO:
Consider a non delta variant setting.
Look back period increase potential, perhaps allow for set periods to create candles on ignoring all other data points.
Potetial intrabar state component to give a more accurate buy/sell delta
Release Notes
Delta VPOC highlighting where the highest amound of bid/ask came in, easier to identify trapped traders or can be used to identify strength e.g. strong buying at the bottom.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact spacemanbtc for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″Interested parties can find my twitter: @spacemanbtc
or sign up at my website below, members receive access to all indicators mentioned on the site.
https://www.spacemanbtc.com/
Want to use this script on a chart?
Warning: please read before requesting access.
Twitter: twitter.com/cubansedge
Discord: discord.com/invite/NqDfZgxeku
Discord: discord.com/invite/NqDfZgxeku
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.