CVD divergences

Real CVD Light plots Cumulative Volume Delta as candles (Open / High / Low / Close) in a separate window. It is built tick by tick from real trade data, and it detects divergences between price and CVD.

What it does

  • Builds CVD candles from real tick flags (BUY / SELL) and real trade volume.
  • Updates incrementally on every tick, so the live candle stays fast and accurate.
  • Detects confirmed pivots on price (fractal highs and lows) and compares them with the CVD at the same pivots.
  • Finds four types of divergence:
    • Regular bearish: price makes a higher high, CVD makes a lower high (possible reversal).
    • Regular bullish: price makes a lower low, CVD makes a higher low (possible reversal).
    • Hidden bearish: price makes a lower high, CVD makes a higher high (possible continuation).
    • Hidden bullish: price makes a higher low, CVD makes a lower low (possible continuation).
  • Draws the divergence lines on both the price chart and the CVD window (solid for regular, dashed for hidden).
  • Shows a small panel with the CVD values, the Delta and the Delta %.

Alerts
Pop-up, push notification, sound and e-mail. Each pivot alerts only once, and the divergence check runs once per closed bar, not on every tick.

Inputs

  • Daily CVD reset on or off.
  • Pivot confirmation bars (left and right).
  • Maximum lookback and minimum spacing between pivots.
  • Regular and hidden divergences can be enabled separately.
  • Line drawing on or off.
  • Each alert channel and the sound file can be set individually.
  • The info panel can be shown or hidden.

Requirements – please read

  • The indicator needs symbols that provide real trade data with BUY/SELL tick flags, such as futures from an exchange feed. On symbols without these flags (most spot forex feeds), the CVD stays flat and the panel shows a warning.
  • Full tick history must be available for the symbol. It is downloaded by the terminal on demand, so allow time for it on first load.
  • It works on any timeframe. Lower timeframes read more tick data, so the initial load takes longer.

Notes

  • Divergences are analysis tools and not trading signals. Use them with your own risk management.
  • The indicator does not place trades.

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