OPEN-SOURCE SCRIPT

CVD Strength | VTS Pro

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🔷 CVD Strength | VTS Pro
By Alireza Mossaheb

Description:
CVD Strength is a powerful tool designed to analyze market momentum by visualizing the Cumulative Volume Delta (CVD) using advanced techniques. This indicator provides a multi-timeframe view of volume delta behavior and highlights strong and weak bullish/bearish conditions based on volume spikes, candle size, and optional moving average filters.

Key Features:

Multi-timeframe CVD candle plotting with color-coded strength signals

Optional EMA (21), WMA (30), and SMA (50) overlays for trend filtering

Smart strength detection logic using volume, candle size, and moving average crossovers

Bullish and bearish crossover signals marked on chart

Customizable anchor and lower timeframes for flexible analysis

Alerts users when data vendor does not supply volume information

This script is particularly useful for identifying institutional buying/selling pressure and can be used effectively in both trend-following and mean-reversion strategies.

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