Volume Delta Buy Sell Histogram
- Indicatori
- Versione: 15.2
- Attivazioni: 5
The indicator uses Tick Volume and the candle's price range to estimate the relative participation of buying and selling activity on each candle.
Key Features
Estimated Buying VolumeEstimated Selling Volume
Clear histogram visualization
Numerical volume values displayed on the histogram
Volume Moving Average
Adjustable Moving Average period
Optional numerical values
Adjustable font size
Adjustable number of bars displaying values
Customizable colors for buying and selling values
Dedicated subwindow for volume analysis
How It Works
For each candle, Volume Delta analyzes the relationship between the closing price and the candle's High/Low range.
When the closing price is closer to the High, a greater portion of the available Tick Volume is attributed to estimated buying activity.
When the closing price is closer to the Low, a greater portion is attributed to estimated selling activity.
The calculated values are displayed as separate histogram components, allowing traders to visually compare estimated buying and selling activity across candles.
The indicator also calculates a Moving Average of the total estimated volume, providing an additional reference for evaluating changes in market activity.
Important Information
The buying and selling values are estimates calculated from Tick Volume and candle price data. They should not be interpreted as direct exchange order-flow data or as an exact measurement of executed Buy and Sell orders.
Volume Delta is designed as an analytical and visualization tool and should be used together with price action, market structure, volume analysis, and other available market information.
Customization
The indicator allows traders to configure:
Moving Average PeriodDisplay of Numerical Values
Font Size
Number of Bars with Numerical Values
Buying Value Color
Selling Value Color
Compatibility
Volume Delta is designed for MetaTrader 5 and can be used across different markets and timeframes supported by the trading platform, depending on the Tick Volume data provided by the broker.
Ideal For
Volume Delta can be useful for traders who want an additional visual reference when analyzing:
Buying and selling pressure
Volume activity
Candle participation
Changes in market activity
Relative volume conditions
Market momentum
Volume Delta provides a clean and straightforward way to visualize estimated buying and selling activity directly on MetaTrader 5.
