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.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.