Modified & Updated script from MARKET VOLUME by Ricardo M Arjona @xel_arjona that Includes Aggregated Volume, Delta Volume, Volume by Side
Aggregation code originally from Crypt0rus Candle Plotting code from LonesomeTheBlue
***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually*** ***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol***
- Calculated based on Aggregated Volume instead of by symbol volume . Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ).
- As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC . In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin.
All Aggregated Volume By Side: Based of Xel_Arjona's calculation, buy and sell volume is estimated each period. This indicators can display both Buy Volume and Sell Volume for each period.
Aggregated Delta Volume By Side: Displays the difference between Buy & Sell Volume as Delta (Down if Sell Vol - Up if Buy Vol)
Aggregated Cumulative Delta Volume: Displays the sum of Delta Volume as a line, candles or Heiken Aishi Candles. Great for observing Volume Flow and spotting divergences - It is Possible to add an MA to the CVD and to color fill in between the indicator and the MA - It is possible to reset the indicators basis to 0 periodically
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- IN ORDER TO IMPROVE CVD FUNCTIONALITY AND TO INCREASE INDICATOR SIMPLICITY, DELTA VOLUME BY SIDE FUNCTIONALITY HAS BEEN REMOVED (AND WILL BE PUBLISHED AS A SEPARATE INDICATOR)
- THE ISSUE WITH AUTO SCALING CVD HAS BEEN FIXED
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Fixed Aggregation Error
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Set default to OFF on FTX pairs to improve accuracy
Hello. You state above "In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin." Where is this option? I don't see it.
In_Finito_
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@gz1968, Hi, on the right of the symbol selection it has a dropdown that says "Coin". If you are going to select symbols reported in EUR for example, select "Other" on the dropdown and then enter how many EUR the symbol's volume is reported on. Most likely it will be 1. But depending on the exchange, broker or market type it might differ.
gz1968
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@In_Finito_, Actually, I did not realize the symbols could be edited until I tried clicking on one. That was my issue. I wanted to see volume for ORAI coin. So I edited them finally. Very nice indicator. One of the more practical ones out there.
Sourav70334
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@In_Finito_, hi, indicator showing invalid symbol error, I don't know why ,please fix this issue please
ilovena13149333
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Have successfully added it to the chart, but don't know how to utilize this indicator.