TrueDelta Candles

📖 Description:
TrueDelta Candles is a precision tool for traders who want deeper insight into market sentiment through real-time volume delta analysis. Rather than using traditional volume bars, this indicator colors each chart candle based on the net volume delta—the difference between buying and selling volume—fetched from a lower timeframe.

🚀 Key Features:

🎯 Real Candle Coloring: Colors actual price candles based on delta volume—green (buying pressure), red (selling pressure).

⏱️ Multi-Timeframe Volume Analysis: Automatically selects the appropriate lower timeframe for better delta approximation, or lets you set a custom one.

🔬 Order Flow Insight: Visualizes the tug-of-war between buyers and sellers within each candle.

⚡ Lightweight & Non-Intrusive: No clutter—just clean color overlays on your chart candles.

🔄 Live Updating: Responds instantly as new data arrives.

🧠 Ideal For:

• Intraday and scalping strategies.
  
• Momentum and breakout traders.
  
• Order flow enthusiasts looking for a visual edge.
  

🛠️ How It Works:
Behind the scenes, the script uses ta.requestVolumeDelta() to retrieve granular buy/sell volume data from a lower timeframe. The net delta volume then determines whether the candle is colored green (positive delta) or red (negative delta). This makes it easy to spot when market pressure aligns or diverges from price action.

⚙️ Settings:
Use Custom Timeframe: Manually select the lower timeframe used for delta calculation (e.g., "1", "5").

Default Auto Mode: Automatically adapts to your current chart resolution for optimal data balance.

If you're serious about understanding the real dynamics behind every candle, TrueDelta Candles adds an essential layer of volume-based context that price alone can't offer.