Volume Delta Divergence Candle Color

kemarin

This indicator identifies divergences between price action and volume delta, highlighting potential reversal or continuation signals by coloring candles when buyer/seller pressure conflicts with the candle's direction.

**How It Works:**

The indicator analyzes real-time up/down volume data to detect two types of divergences:

🟣 **Seller Divergence (Fuscia)** - Occurs when a candle closes bullish (green) but the volume delta is negative, indicating more selling pressure despite the upward price movement. This suggests weak buying or potential distribution.

🔵 **Buyer Divergence (Cyan)** - Occurs when a candle closes bearish (red) but the volume delta is positive, indicating more buying pressure despite the downward price movement. This suggests weak selling or potential accumulation.

**Features:**

✓ Colors only divergent candles - non-divergent candles maintain your chart's default colors
✓ Uses actual exchange volume delta data (works best with CME futures and other instruments with tick-level data)
✓ Optional triangle markers above/below divergent candles for quick visual identification
✓ Clean, minimal design that doesn't clutter your chart

**Best Used For:**

- Identifying potential reversals or continuations
- Spotting weak price movements that may not follow through
- Confirming price action with underlying volume pressure
- Works on any timeframe with available volume delta data

**Note:** This indicator requires volume data from exchanges that provide tick-level information (CME futures, cryptocurrency exchanges, etc.). Results may vary on instruments with limited volume data.

kemarin

Catatan Rilis

This indicator identifies divergences between price action and volume delta, highlighting potential reversal or continuation signals by coloring candles when buyer/seller pressure conflicts with the candle's direction.

**How It Works:**

The indicator analyzes real-time up/down volume data to detect two types of divergences:

🟣 **Seller Divergence (Fuscia)** - Occurs when a candle closes bullish (green) but the volume delta is negative, indicating more selling pressure despite the upward price movement. This suggests weak buying or potential distribution.

🔵 **Buyer Divergence (Cyan)** - Occurs when a candle closes bearish (red) but the volume delta is positive, indicating more buying pressure despite the downward price movement. This suggests weak selling or potential accumulation.

**Features:**

✓ Colors only divergent candles - non-divergent candles maintain your chart's default colors
✓ Uses actual exchange volume delta data (works best with CME futures and other instruments with tick-level data)
✓ Optional triangle markers above/below divergent candles for quick visual identification
✓ Clean, minimal design that doesn't clutter your chart

**Best Used For:**

- Identifying potential reversals or continuations
- Spotting weak price movements that may not follow through
- Confirming price action with underlying volume pressure
- Works on any timeframe with available volume delta data

**Note:** This indicator requires volume data from exchanges that provide tick-level information (CME futures, cryptocurrency exchanges, etc.). Results may vary on instruments with limited volume data.