Summary of 📈 Cumulative Volume Delta Histogram Indicator on TradingView - Free - [TFlab]

The video discusses the Commodity Volume Delta Histogram Indicator available on TradingView, which is a tool designed to analyze trading volume and identify market trends. Key financial strategies and methodologies presented include:

Main Financial Strategies and Insights:

• Indicator Functionality: The Commodity Volume Delta Histogram helps recognize trends by calculating the Delta between buying and selling volume in each candle.
• Divergence Identification: It assists in identifying bullish or bearish divergences, which can indicate potential price movements.
• Market Type Consideration: Emphasizes the importance of clearly defining the market type (Forex vs. crypto) as different brokerages may provide varying data.

Methodology/Step-by-Step Guide:

1. Accessing the Indicator:
   • Go to the TradingView site and locate the indicator in the indicator section.
   • Select the indicator to run it on your chart.
   • Enable the "Add to Favorites" option for easier future access.
2. Using the Indicator:
   • Once activated, an oscillator window will appear at the bottom of the chart.
   • Adjust settings for the Commodity Volume Delta:
     • Cumulative Mode: Default setting.
     • Total Option: Aggregates trading volume from start to end.
     • Periodic Option: Accumulates volume periodically.
     • EMA Option: Displays the moving average of trading volume.
   • Enable Market Ultra data for market-specific sections to enhance data reliability.
3. Market Definition:
   • Ensure the market type is clearly defined when trading (e.g., Forex or crypto) to select the appropriate data.

The tutorial concludes with an invitation for viewers to share their comments and suggestions.

Presenters/Sources:

• TFlab

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Business and Finance

Video