OPEN-SOURCE SCRIPT
Quantum CDV Histogram

This script is an addition to Fixed Quantum Cdv.
It shows vector cdv ratio in columns.
You can select the length as an input to how many bars to look back for the whole calculation.
The green bars represent the bullish values and the red bars the bearish values.
The green line represents an ema of the bullish value and the red line the ema of the bearish value.
The momentum ema (in purple) represent the cdv ratio (bullish - bearish).
When the momentum ema is at 100% or more it’s a good sell opportunity and when the momentum ema is at or under 100% it’s a good buy opportunity. It is not financial advise. Make sure to make your own analysis. This script help to make entries, but do not enter positions only based on this signal.
In the inputs you can select the emas that you want to display on your histogram.
The original script is the Cumulative Delta Volume by LonesomeTheBlue.
It shows vector cdv ratio in columns.
You can select the length as an input to how many bars to look back for the whole calculation.
The green bars represent the bullish values and the red bars the bearish values.
The green line represents an ema of the bullish value and the red line the ema of the bearish value.
The momentum ema (in purple) represent the cdv ratio (bullish - bearish).
When the momentum ema is at 100% or more it’s a good sell opportunity and when the momentum ema is at or under 100% it’s a good buy opportunity. It is not financial advise. Make sure to make your own analysis. This script help to make entries, but do not enter positions only based on this signal.
In the inputs you can select the emas that you want to display on your histogram.
The original script is the Cumulative Delta Volume by LonesomeTheBlue.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.