Real Cummulative Delta (New TV Function)Thanks to the new TradingView indicator Up/Down Volume, it is now possible to get accurate information on Agression (market buying vs market selling)
However, as they only provide the value of delta, I've made this indicator to show the cummulative value, in the form of candles.
It is great to detect divergences in the macro and in the micro scale (As in divergences in each candle and divergences in higher or lower tops or bottoms)
Hope you can make good use of it!
Tapereading
[VC] Box Chart Histogram V1.0V.C Box Chart Histogram draws the cumulative delta that correlates to another indicator named ''V.C Box Chart Index'' .
(In other words, ''V.C Box Chart Histogram'' & ''V.C Box Chart Index'' are correlated.)
V.C Box Chart Histogram draws the cumulative delta as histogram based on ''V.C Box Chart Index''. Combining these two indicators empowers you to see the cumulative demand & supply / cumulative buying & selling quantity of each box.
You can also switch from cumulative delta mode to cumulative delta % from input settings. See the difference between simple delta & delta % mode from these examples.
Simple Delta Mode (Cumulative Demand & Supply)
In the above example, green & red boxes on the histogram show the cumulative delta of each box from the main chart. In simple words, these boxes show the cumulative net demand & supply of the corresponding box from the main chart. In this example, Big green boxes indicate demand is increasing, whereas small red boxes indicate that supply is decreasing.
Delta % Mode (Cumulative Volume-Weighted Demand & Supply)
Similar to the simple delta mode, in the above example, blue & red boxes on the histogram show the cumulative delta % of each box from the main chart. In simple words, these boxes show the cumulative & volume-weighted demand & supply of the corresponding box from the main chart.
In this example, Big blue boxes indicate that demand is increasing, whereas small red boxes indicate that supply is decreasing.
V.C Box Chart Histogram Properties & Settings
Inputs
Choose Your Source:
Allow you to switch from simple delta to delta %
Choose color of the box on simple delta:
Allow you to change the color of the box
Choose color of the box on delta %:
Allow you to change the color of the box
Style
Positive & Negative Simple Delta:
Allow you to see the simple delta in the column format.
Positive & Negative Delta %:
Allow you to see the delta % in the column format.
Boxes:
Allow you to show/hide the boxes
NOTE: You can also see both delta formats in dual view mode. (in column & box at the same time to have a more precise & detailed look)
See Below Example
Disclaimer Note:
V.C Box Chart Histogram is not a Buy/Sell signal based indicator or a holy grail trading system. It is purely a leading indicator that can help you to analyse demand & supply and buying & selling forces of the market in a smart & effortless way. Before applying this indicator to your analysis, you should have some basic knowledge about volume, delta, & supply & demand. Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
[VC] Wave Chart Index V1.0V.C Wave Chart Index
Richard D. Wyckoff created the first wave chart, and he instructed students to think in waves. He was an early 20th-century pioneer in the technical approach to studying the stock market and is considered one of the five "titans" of technical analysis, along with Dow, Gann, Elliott and Merrill.
V.C Wave Chart Index is the most comprehensive version of Wyckoff's theory. It is used to measure the strength & weakness of each market move by comparative data analysis. It draws waves on the chart based on Gann Swing theory. At the end of each wave, a label shows all the cumulative data & information of the wave.
With the help of this indicator, You can measure each swing or high/low movement of the market by comparing it with previous high/low price movements. The comparison can be made by using the following data of each wave.
Price Change
Volume Change
Delta Change
Delta % Change
Buy Volume
Sell Volume
Time Spent (Bar Counter)
V.C Wave Chart Index is not only an indicator but itself a unique & comprehensive tool kit to measure & compare each move of the market. This tool enables you to see deep inside each movement of the market. It allows you to observe the nitty-gritty data of each wave at the micro-level with your nacked eyes. With the help of Delta & (C.C) Close to Close Price Change, it is now easy to apply effort & result and cause & effect theory to your analysis. (total volume, buy volume, sell volume & delta % can also be used for comparative analysis)
V.C Wave Chart Index Properties
Price Change or (P.C): Shows the price Change of the Wave
Buy Volume (B.V): Shows the Cumulative Buy Volume of the Wave
Sell Volume (S.V): Shows the Cumulative Sell Volume of the Wave
Delta Volume (∆): Shows the Cumulative Buy - Sell Volume of the Wave
Delta % ∆ : Shows the Cumulative Delta % of the wave
Total Volume (T.V): Shows the Cumulative Total Volume of the Wave
Bar Count (B.C): Shows how much time it took to Complete the Wave
Swing Price: Shows the Reversal Price of the Wave
V.C Wave Chart Index Settings & Inputs Explained
Sensitivity (%): This input helps you adjust to the wave's steepness. 0.001 is my recommended value for all time frames.
Cumulation: This input helps you to control the length & formation of the wave: ( the fewer values = more wave formations & vice versa)
Wave Color: Allow you to change the color of the wave
Draw to Latest Candle: Allow you to show/hide the latest or real-time wave & data.
Divisor: Allow you to divide extensive numeric data into small numbers to read it easily.
Align Text: Allow you to align the text.
Size Text: Allow you to change the size of the text.
Display Toal Delta: Allow you to show or hide total Delta (∆).
Display Percentage Delta (%): Allow you to show or hide Delta (∆) %.
Color Wave Buy: Allow you to change the color.
Color Wave Sell: Allow you to change the color.
Display Total Volume (T.V): Allow you to show/hide total volume
Display Buy Volume (B.V): Allow you to show/hide buy volume
Display Sell Volume (S.V): Allow you to show/hide sell volume
Display Swing Price: Allow you to show/hide swing price
Display Swing Price Change (P.C): Allow you to show/hide price change
Display Close to Close Price Change (C.C): Allow you to show/hide close to close price changes. (previous wave close to current wave close) (recommended for comparative analysis)
P.C Format: Allow you to select the price formate
C.C Format: Allow you to select the price formate
Display Bar Counter (B.C): Allow you to show/hide the bar counter
Comparative Data Analysis Example in the light of Effort & Result Theory
A short explanation of the above analysis
On Wave A , the close to close price change (C.C) is $354 . (its the distance of price that price travelled from the low of the previous wave)
and price travelled this distance with 632 Delta (Delta is an effort which is used to travel the price)
On Wave B , close to close price change (C.C) is -$359 , almost the same distance as the previous wave. But for this distance price used 47% more Delta than the last wave. ( previous Delta is 632 , but current Delta is 931 that is 47% extra)
It indicates that sellers have put more effort in Wave B than Wave A . However, they got similar results as the previous wave. In other words
More Effort & Less Result = Reversal Sign
(that's why in the above example price reversed from a support level)
* Notice that Wave B is also on a key support area/level. And on key support or resistance area, this kind of comparative analysis can give an extra edge in your analysis.
Disclaimer Note:
V.C Wave Chart Index is not a BUY/SELL signal based indicator or a holy grail trading system.
It is purely Volume, Delta and comparative analysis based indicator. Before applying this indicator to your analysis, you should know about V.S.A, Volume, Delta & Spread.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
Volume Based Color Bar (VBCB)Português/English
Pt:
Esse indicador colore as barras ou candles de acordo com o volume de negociação daquela barra em comparação ao volume médio. A codificação é a seguinte:
Barras de alta (Fechamento>Abertura):
- Cor da barra por default: Sem volume expressivo
- Verde: volume acima da Média.
- Azul: volume bem acima da média.
- Amarelo: volume muito acima da média.
Barras de baixa (FechamentoOpen):
- Bar color by default: No expressive volume
- Green: volume above average.
- Blue: volume well above average.
- Yellow: volume way above average.
Bearish bars (Close<Open):
- Bar color by default: No expressive volume .
- Red: volume above average.
- Purple: volume well above average.
- Orange: volume way above average.
This coloring helps to make quick analysis of the moments of greater volatility and movement of the market in a quantitative way, since large volumes foretell great movements.
To have lifetime access plus an explanatory video on how to set the parameters and how to use this indicator contact me via DM.
