[Mad] Volume Delta

This is a volume indicator that splits purchases and sales into 2 separate columns.

In addition, I added some POW factors to scale the volume to a more compact or expanded picture.

The SMA draws the red line indicating the volume of purchases and sales, also with POW factor customizable, so it is possible to scale it within the volume bars

what to do with this information: it is very easy to find rotation points when the selling volume and the buying volume are equal, this is where possible rotation phases occur

have fun

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overlay true -> overlay false

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Volume Compressor added to the script
thx gorx1 for the math

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extension with "in candle delta"
addition of a dev-cloud
changed standard colors from
color.rgb(000, 255, 255, 000) and color.rgb(255, 255, 000, 000) to
color.rgb(000, 255, 000, 000) and color.rgb(255, 000, 000, 000)

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cleanup pass

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Vector-Candle coloring and Ui cleanup

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typo...

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Code cleanup and sorting the options into a more organiced way

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middleline color selectable and moved in the background behind all plots

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Lower timeframe added,
Cleanup of inputs,
New Presentation of singular volume

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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.

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