Volume Delta (VD)

Description

The Volume Delta indicator provides insights into the volume difference between the current and previous volume bars.

How It Works

It calculates this difference by subtracting the volume at the current bar (denoted as volume[n]) from the volume at the previous bar (denoted as volume[n-1]). Essentially, it quantifies the change in trading volume over consecutive bars.

Formula

    if (currentVolume > previousVolume)
    {
        return ((currentVolume - previousVolume) / currentVolume) * 100.0;
    }
    return ((currentVolume - previousVolume) / previousVolume) * 100.0;

Chart Settings

* For common indicator properties please see Common Indicator Settings

"Volume Delta"
1. "Volume Delta"
  The value in shown in percent. In the example it will highlight volume changed by 50% since last bar.
2. "Volume Volatility Delta Color (Greater/Lower)"
  Change custom color that will be used to mark selected bars

Chart View

Last modified: 24 September 2024