Opposite Delta Candle Highlighter with EMAs & Delta Boxes
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**Description:** This indicator is designed to enhance market analysis by highlighting **candles with opposite-colored delta**, plotting **Exponential Moving Averages (EMAs)**, and displaying **delta volume as small boxes below the chart**.
🔹 **Key Features:** ✅ **Opposite Delta Candle Highlighting** – Candles where delta volume contradicts the price direction are highlighted with a **yellow background** and a **blue triangle** above the bar. ✅ **Three Exponential Moving Averages (EMAs)** – Includes **EMA (9, 21, 50)** to help identify trends and dynamic support/resistance levels. ✅ **Delta Volume Display** – Instead of large volume columns, delta is plotted as **small square boxes below the chart**, ensuring clear visibility without overlapping price candles. ✅ **Optimized for Lower Timeframes** – The indicator **automatically selects an appropriate lower timeframe** for more precise delta calculations.
🔹 **How It Works:** - **Green Candle + Red Delta** → Opposite delta signal (Bearish Sign). - **Red Candle + Green Delta** → Opposite delta signal (Bullish Sign). - **Delta bars below the chart** indicate the strength of buying/selling pressure. - **EMAs help identify the market trend** and potential trade entry zones.
🔹 **Use Cases:** ✔ **Scalping & Day Trading** – Identify potential reversals and trend continuation setups. ✔ **Volume Analysis** – Understand market participation and possible absorption. ✔ **Trend Confirmation** – Use EMAs to confirm trend direction alongside delta volume.
📌 *Best used with lower timeframes (1m, 5m, 15m) for detailed volume analysis.*
🚀 **Enhance your trading with real-time delta insights and price action analysis!**
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.