Summary of 📥 Cumulative Volume Delta Divergence Indicator TradingView - Free Download - [TFlab]
The video provides a tutorial on the Cumulative Volume Delta Divergence (CVD Divergence) indicator available on TradingView. This indicator is designed to help traders analyze trading volumes and identify divergences that signal potential market movements.
Key Features of the CVD Divergence Indicator:
- Access and Setup: Users can find the indicator on TradingView by searching for its name and adding it to their favorites for easier access.
- Oscillator Display: Once applied, the indicator opens an Oscillator window at the bottom of the chart, which shows trading volumes and highlights bullish and bearish divergences.
- Divergence Settings:
- Users can adjust the fractal divergence period, with a default setting of 30.
- The indicator allows for the selection between periodic volume accumulation or an EMA (Exponential Moving Average) of volume.
- Brokerage Options: The indicator can include data from 26 major brokerages, enhancing the reliability of trading volume calculations. Users can specify their market type (Forex, crypto, or stocks) to ensure accurate data.
- Customization: The tutorial explains how to adjust settings for divergence drawing, such as changing the mode to EMA or periodic, and how these settings affect the visual representation of divergences on the chart.
Conclusion:
The video concludes with an invitation for viewers to share their comments and suggestions regarding the tutorial.
Main Speakers/Sources:
- The video is presented by TFlab, with no specific individual speakers mentioned.
Notable Quotes
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Category
Technology