[ElThibZ] - Histogram MA Distance - CVD

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This tool offers traders a detailed look at market sentiment through volume analysis, combined with trend indicators.

Features:

CVD Display Modes:

• Standard Candles: Displays the Custom Volume Delta in the form of traditional candlesticks.
  Heikin-Ashi Candles: Offers a smoother representation of price movements with Heikin-Ashi candles for better trend identification.
  Moving Averages (MA) Integration:
  You can overlay up to four types of Moving Averages from the following: SMA, EMA, WMA, VWMA, RMA, HMA, ZEMA. This allows for a comprehensive trend analysis alongside volume delta.
  
• Color Coding Based on MA Interaction:
  Dark Green or Dark Red Bars: When the price is between two MAs or below/above all MAs, indicating a strong directional move.
  
  Light Green or Light Red Bars: Used when the price is above or below the longest MA, providing insight into the prevailing trend strength.
  Gray Bars: Displayed when no specific conditions are met, suggesting neutral or unclear market sentiment.
  

This new CVD indicator with MA overlays and histogram visualization is designed to provide traders with a multifaceted tool for volume analysis, trend confirmation, and strategic decision-making. Whether you're into day trading or looking for swing trade opportunities, this indicator can significantly enhance your market analysis toolkit.