OPEN-SOURCE SCRIPT

Delta Oscillator

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An advanced technical indicator that helps traders identify buying and selling pressure in the market by analyzing volume-based price movements.
Features

Real-time calculation of buying and selling volume
Cumulative delta conversion into oscillator format (-50 to +50 range)
Color-coded visualization (green for buying pressure, red for selling pressure)
Customizable period length for calculations

How It Works
The indicator:

Calculates buying/selling volume based on price direction
Accumulates delta over time
Normalizes values into oscillator format
Displays results as a colored line chart

Trading Applications

Identify potential trend reversals
Measure buying/selling momentum
Confirm price action signals
Spot divergences with price

Installation

Copy the provided Pine Script code
Open TradingView Chart → Pine Editor
Paste the code and click "Add to Chart"

Settings

Period: Adjustable timeframe for calculations (default: 14)
Visualization: Line width and colors can be customized

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.