Volume Profile Delta
- Indicators
- Version: 3.0
Volume Profile Delta — Indicator for MetaTrader 5
Volume Profile Delta is an indicator that displays the difference between buying volume and selling volume recorded on each bar, represented as a histogram at the bottom of the chart.
What this indicator does
On each bar it calculates the difference between the volume associated with upward movements and the volume associated with downward movements. The result is shown as a bar in the lower histogram, making it possible to observe whether buying or selling pressure predominated during that bar.
The indicator also identifies bars where that difference is notably smaller than in previous ones, which may indicate a decrease in the intensity of the current movement.
Main features
Volume delta histogram per bar. Visual differentiation between buying and selling predominance. Marking of bars with significant delta reduction. Compatible with all instruments and timeframes available in MetaTrader 5.
Configurable parameters
Calculation period, histogram colors for positive and negative delta, alert threshold for delta reduction.
