Cumulative Delta Volume Indicator
# Cumulative Volume Delta # # The length of the accumulation is user controlled. The cumulative bar # is the sum of the deltas for the past 10 bars. Change that length to # 252 (a year in days) then plot something like AAPL. Very interesting. # # LongShort # 5.7.2019 declare lower; input length = 10; def O = open; def H = high; def C = close; def L = low; def V = volume; def Buying = V * (C - L) / (H - L); def Selling = V * (H - C) / (H - L); def Delt = buying - selling; plot Delta = Delt; Delta.AssignValueColor(if Delta > 0 then Color.GREEN else Color.RED); Delta.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); Delta.hide(); plot zero = 0; zero.setDefaultColor(Color.BLUE); plot CumulativeVolumeDelta = sum(Delta,length); CumulativeVolumeDelta.AssignValueColor(if CumulativeVolumeDelta > 0 then Color.GREEN else Color.RED); CumulativeVolumeDelta.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); # End Code
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