Realtime Delta Volume Action [LucF]

How it works

This indicator monitors each real-time chart update, determining price movement polarity and calculating volume and tick deltas. It tracks the direction and magnitude of price changes by assigning positive or negative values to volume and ticks.

The script builds custom candles with color intensity reflecting delta percentages. It calculates running volume delta and tick delta for each bar, resetting when the script re-executes. The POC line represents the volume-weighted average price during the bar, offering additional insight into trading activity

Why it may be useful

The indicator provides granular insights into market microstructure by revealing real-time volume dynamics that traditional charts cannot show. It helps traders understand the intensity and direction of trading activity within each bar.

By displaying delta volume, tick information, and POC lines, traders can identify potential market sentiment shifts, assess trading interest, and detect subtle changes in buying and selling pressure. This detailed information can help confirm price action and provide a more nuanced view of market movements

When to explore it

This tool is most effective for experienced traders operating on small timeframes like 5-second to 5-minute charts. It works best when traders want to analyze detailed volume and tick information in real-time.

Ideal for discretionary traders who can interpret complex market signals and have a solid understanding of price action. Most useful when combined with higher timeframe trend analysis and when traders need to understand the underlying market dynamics beyond traditional price and volume displays

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