VolBook's Cumulative Volume Delta shows tick by tick the cumulative delta, i.e., the difference between buy market and sell market, of a given user-defined period.

INDEX

• Settings-of-Use
• General
  • Period Mode
  • Period Value
  • Show volumes bid/ask
• Settings-Display
• Filtered CVD
  • Enable CVD filter
  • Usa-separated-axes
  • Vol. <=filter
  • Vol. >= filter
  • Color bid-filtered
  • Color ask-filtered
• Line-Zero

Settings-of-Use

Clicking on the indicator settings icon will open its configuration window, within which you will be able to make several choices regarding the functionality of the indicator itself.

General

Period Mode

Defines the reference period for CVD calculation, specifically you can choose from: Days, Minutes, Seconds, and Order.

Value-period

Defines the parameter of the chosen period.

Show volumes bid/ask

Allows you to show in addition to CVD the volumes executed in Ask and the volumes executed in Bid.

Display Settings

Allows you to change the color of the CVD, differentiating between negative CVD (delta bid color) and positive CVD (delta ask color), as well as the color of volumes executed in Ask and volumes executed in Bid. It also allows you to change the thickness of these lines.

Filtered CVD

Enable Filtered CVD

Enables you to enable a filter for CVD.

Use separate axes

If enabled use another axis for filtered CVD.

Vol. <=filter

Applies a minimum filter to the CVD.

Vol. >= filter

Applies a maximum filter to the CVD.

Filtered bid color

Defines the color for the negative filtered CVD.

Filtered ask color

Defines the color for positive filtered CVD.

Line-Zero

Defines the color and thickness of the zero line.

As can be seen in the figure, the session CVD is positive, but the price is close to the lows, a sign of how it is falling in absorption of buyers.

If a volume filter of 50 is applied, it can also be seen that the filtered CVD is negative, a sign of how large investors are predominantly selling, pushing the price down as they go.