CVD X-Ray

2 de jun.

https://www.tradingview.com/x/nkYF6zid/


CVD X-Ray
See the Participation Behind the Move

Most indicators tell you what price is doing.

CVD X-Ray is designed to reveal who is participating behind the move.

Price can rally on weak participation.
Price can decline despite aggressive buying.
Price can appear strong while participation quietly deteriorates beneath the surface.

CVD X-Ray was built to expose these hidden shifts in market participation by combining cumulative volume delta pressure, momentum acceleration, participation normalization, and multi-timeframe alignment into a single visual framework.

Rather than focusing solely on market structure, CVD X-Ray focuses on participation pressure—the intensity and direction of buying and selling activity driving the current move.


What Makes CVD X-Ray Different?

Traditional volume indicators often struggle with context.

A large reading may appear important on one chart while being completely normal on another.

CVD X-Ray solves this by normalizing participation pressure and classifying it into intuitive strength categories:

• Weak
• Building
• Moderate
• Strong
• Extreme

This allows traders to quickly distinguish between routine activity and meaningful participation events.


Pressure vs Trend

One of the most common mistakes traders make is confusing participation with trend.

A market can be trending lower while buyers suddenly begin participating aggressively.

Likewise, a market can be trending higher while participation quietly weakens beneath the surface.

CVD X-Ray intentionally measures participation pressure rather than market structure trend.

This distinction can help identify potential continuation opportunities, weakening moves, failed breakouts, and early signs of accumulation or distribution.


Strength and Rarity

Each reading is evaluated based on both participation strength and historical context.

The optional percentile ranking (PCT) provides additional insight into how unusual the current participation reading is relative to recent market behavior.

For example:

• P80 = Stronger than 80% of recent readings
• P95 = Stronger than 95% of recent readings

This helps traders quickly recognize when participation is becoming statistically significant.


Designed for Clarity

CVD X-Ray was built around a simple goal:

Reduce information overload while increasing informational value.

The interface uses a consistent strength scale, visual participation hierarchy, and clean multi-timeframe dashboard to deliver actionable context without cluttering the chart.

Whether you're analyzing breakouts, pullbacks, reversals, or trend continuation setups, CVD X-Ray provides a structured view of the participation driving price.

Because understanding what price is doing is useful.

Understanding who is participating behind the move is often more valuable.


Disclaimer

CVD X-Ray is an analytical tool designed to assist in evaluating market participation and participation pressure. It does not predict future price movements and should not be used as a standalone basis for trading decisions.

All trading involves risk, including the potential loss of capital. Past performance, historical participation readings, and indicator signals are not guarantees of future results.

This script is provided for educational and informational purposes only and does not constitute financial, investment, or trading advice. Users are solely responsible for their own risk management and trading decisions.

há 6 dias

Notas de Lançamento

### CVD X-Ray Update

This update introduces several refinements to the CVD X-Ray participation engine and MTF dashboard.

**New Candle Anatomy Delta Estimation**

A new **Candle Anatomy** method has been added for estimating directional volume. Rather than relying primarily on candle direction, this method considers the relationship between the candle body and wicks to better distinguish strong directional participation from indecisive price action.

After side-by-side testing with the original method, **Candle Anatomy is now the default Delta Estimation Method**. The original **Directional** method remains available in Settings, along with a **Hybrid** option for those who would like to experiment with a blend of both approaches.

Special thanks to **alexrainman** for reaching out and suggesting that I explore this candle-anatomy weighting approach. It was a great idea and led to a meaningful refinement of the CVD X-Ray engine.

**New MTF Flow Reading**

The MTF dashboard has also been expanded with a new **FLOW** row displaying the overall **BUYERS %** across the selected timeframes.

This separates two useful pieces of information:

* **MTF ALIGN** shows the directional alignment of CVD participation across timeframes.
* **FLOW / BUYERS %** provides an additional measure of the underlying buyer/seller balance.

The BUYERS reading remains on a consistent 0–100% scale, with values above 50% indicating a buyer advantage and values below 50% indicating a seller advantage.

These additions are designed to provide more context about both the **strength and quality of participation** while keeping CVD X-Ray's dashboard compact and easy to read.

há 6 dias

Notas de Lançamento

Minor tooltip clarification and presentation update.