Volume Delta [BigBeluga]

🔵 OVERVIEW
The Volume Delta [BigBeluga] indicator visualizes the dominance between buying and selling volume within a given period. It calculates the percentage of bullish (buy) versus bearish (sell) volume, then color-codes the candles and provides a real-time dashboard comparing delta values across multiple currency pairs. This makes it a powerful tool for monitoring order-flow strength and intermarket relationships in real time.

🔵 CONCEPTS

• Each bar’s buy volume is counted when the close is higher than the open.
  
• Each bar’s sell volume is counted when the close is lower than the open.
  

  volumeBuy   = 0.
      volumeSell  = 0.
     
      for i = 0 to period
          if close > open
              volumeBuy += volume
          else 
              volumeSell += volume

• The indicator sums both over a chosen period to calculate the ratio of buy-to-sell pressure.
  
• Delta (%) = (Buy Volume ÷ (Buy Volume + Sell Volume)) × 100.
  
• Gradient colors highlight whether buying or selling pressure dominates.
  

🔵 FEATURES

• Calculates real-time Volume Delta for the selected chart or for multiple assets.
  
• Colors candles dynamically based on the delta intensity (green = buy pressure, red = sell pressure).
  
• Displays a dashboard table showing volume delta % for up to five instruments.
  
• The dashboard features visual progress bars for quick intermarket comparison.
  
• An optional Delta Bar Panel shows the ratio of Buy/Sell volumes near the latest bar.
  A floating label shows the exact Buy/Sell percentages.
  
• Works across all symbols and timeframes for multi-asset delta tracking.
  

🔵 HOW TO USE

• When Buy % > Sell %, it often signals bullish momentum or strong accumulation—but can also indicate over-excitement and a possible market top.
  
  Market Tops
  
• When Sell % > Buy %, it typically reflects bearish pressure or distribution—but may also occur near a market bottom where selling exhaustion forms.
  
  Market Bottom
  
• Use the Dashboard to compare volume flow across correlated assets (e.g., major Forex pairs or sector groups).
  
• Combine readings with trend or volatility filters to confirm whether the imbalance aligns with broader directional conviction.
  
• Treat the Delta Bar visualization as a real-time sentiment gauge—showing which side (buyers or sellers) dominates the current session.
  

🔵 CONCLUSION
Volume Delta [BigBeluga] transforms volume analysis into an intuitive directional signal.
By quantifying buy/sell pressure and displaying it as a percentage or color gradient, it provides traders with a clearer picture of real-time volume imbalance — whether within one market or across multiple correlated instruments.