PROTECTED SOURCE SCRIPT
Delta Histogram - OnlyFlow
This script plots a histogram of delta proxies (approximations of buying vs. selling pressure) using available chart data. Because TradingView does not provide bid/ask tape data, delta is estimated with several selectable methods:
Uptick/Down-tick (proxy): volume signed by close direction.
Body-weighted Volume: weights volume by candle body relative to its range.
VWAP-slope Volume: signs volume by changes in the typical price (HLC3).
Features
Cumulative or per-bar mode: reset daily or by custom session hours.
Normalization options: Z-score, percentile scaling, or raw values; with percentile clipping for stable colors and axis scaling.
Visualization: color-coded positive/negative bars, optional zero line and ± bands, adjustable opacity scaling.
Readout Panel: shows the latest delta values and their normalized equivalents on the chart edge.
Alerts: triggers when normalized delta exceeds positive or negative thresholds, highlighting potential spikes in pressure.
Usage
Switch between delta modes to explore different perspectives on order-flow imbalance. Cumulative mode shows whether pressure builds over a session, while per-bar mode highlights bar-to-bar shifts. Normalization helps identify relative extremes in context rather than raw values.
Uptick/Down-tick (proxy): volume signed by close direction.
Body-weighted Volume: weights volume by candle body relative to its range.
VWAP-slope Volume: signs volume by changes in the typical price (HLC3).
Features
Cumulative or per-bar mode: reset daily or by custom session hours.
Normalization options: Z-score, percentile scaling, or raw values; with percentile clipping for stable colors and axis scaling.
Visualization: color-coded positive/negative bars, optional zero line and ± bands, adjustable opacity scaling.
Readout Panel: shows the latest delta values and their normalized equivalents on the chart edge.
Alerts: triggers when normalized delta exceeds positive or negative thresholds, highlighting potential spikes in pressure.
Usage
Switch between delta modes to explore different perspectives on order-flow imbalance. Cumulative mode shows whether pressure builds over a session, while per-bar mode highlights bar-to-bar shifts. Normalization helps identify relative extremes in context rather than raw values.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
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.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
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.