OPEN-SOURCE SCRIPT
Volume Delta Imbalance Index [PhenLabs]

📊 Volume Delta Imbalance Index (VDII)
Version: PineScript™ v6
Description
The Volume Delta Imbalance Index is an advanced technical analysis tool that combines volume profile analysis with price movement dynamics to identify significant market imbalances. It features a sophisticated analysis system that weighs recent versus historical volume delta imbalance patterns, providing traders with insights into potential market reversals and trend continuation scenarios.
Points of Innovation:
🔧 Core Components
🚨 Key Features 🚨
The indicator provides comprehensive analysis through:
📈 Visualization


📌 Usage Guidelines
The indicator offers several customization options:
Basic Settings:
Visual Settings:
✅ Best Use Cases / Things To Look For:
⚠️ Limitations
What Makes This Unique
🔧 How It Works
The indicator processes market data through four main components:
1. Volume Profile Analysis:
2. Flow Imbalance Detection:
3. Strength Analysis:
4. Final Score Calculation:
5. VDII Potential Reversal Confluences
Version: PineScript™ v6
Description
The Volume Delta Imbalance Index is an advanced technical analysis tool that combines volume profile analysis with price movement dynamics to identify significant market imbalances. It features a sophisticated analysis system that weighs recent versus historical volume delta imbalance patterns, providing traders with insights into potential market reversals and trend continuation scenarios.
Points of Innovation:
- Custom volume delta calculation incorporating price and volume relationships
- Adaptive smoothing system based on market volatility
- Multi-component analysis combining flow, acceleration, and strength metrics
- Real-time volume profile integration with historical context
🔧 Core Components
- Volume Profile Analysis: Dynamic volume delta imbalance distribution assessment
- Flow Imbalance Detection: Buy/sell pressure evaluation
- Strength Analysis: Composite market strength measurement
- Acceleration Framework: Volume movement dynamics
- Statistical Bands: Adaptive threshold system
🚨 Key Features 🚨
The indicator provides comprehensive analysis through:
- Volume Delta: Up to date volume imbalance measurement
- Market Structure: Support/resistance level identification
- Flow Analysis: Buy/sell pressure visualization
- Acceleration Signals: Movement momentum detection
- Adaptive Bands: Dynamic overbought/oversold levels
📈 Visualization
- Color-coded Columns: Shows direction and strength of imbalance
- Signal Lines: Strong buy/sell level indicators
- Statistical Bands: Shows normal trading ranges
- Gradient Fills: Indicates extreme market conditions
- Dynamic Opacity: Reflects trend strength
📌 Usage Guidelines
The indicator offers several customization options:
Basic Settings:
- Lookback Period: Analysis timeframe adjustment
- Sensitivity Level: Signal response calibration
- History Depth: Historical context range
- Memory Setting: Recent vs. historical data weight
Visual Settings:
- Color Scheme: Bullish/bearish signal colors
- Signal Levels: Strong buy/sell thresholds
- Band Display: Statistical range visualization
✅ Best Use Cases / Things To Look For:
- Wait for establishment in the initial trend when the VDII comes back towards zero and the color of the volume becomes more faint
- Once this is established and the VDII pushes through to the other side look for small retracements above the zero line on the VDII leading you to believe it is a likely area for price to retrace and continue in its prior direction
- Make sure you see the volume bars become more faint in color to give yo further confluence price will continue in its priorly established direction
⚠️ Limitations
- Requires sufficient volume data
- Most effective in liquid markets
- Historical depth affects calculation speed
- Possible lag in highly volatile conditions
What Makes This Unique
- Composite Volume Analysis: Combines multiple volume metrics
- Adaptive Calculation: Adjusts to market volatility
- Profile Integration: Incorporates volume profile analysis
- Multi-component Scoring: Weighted analysis system
- Memory-efficient Design: Optimized for real-time analysis
🔧 How It Works
The indicator processes market data through four main components:
1. Volume Profile Analysis:
- Creates dynamic volume delta distribution profiles
- Weights recent versus historical data
- Identifies significant price levels
2. Flow Imbalance Detection:
- Analyzes buying versus selling pressure
- Calculates normalized flow ratios
- Determines market bias
3. Strength Analysis:
- Measures composite market strength
- Incorporates volume-weighted movements
- Provides trend strength indication
4. Final Score Calculation:
- Combines all components with weighted importance
- Applies volatility-based smoothing
- Generates final signal output
5. VDII Potential Reversal Confluences
- Bars between signal confluence is default set to 10 but you can change it to whatever you’d prefer
- Signals are a compiled look at the indicator as a whole determining where it think reversals or retracements are likely
💡 Note:
The indicator performs best in markets with consistent volume and clear trending or ranging conditions. Its sophisticated volume analysis provides valuable insights into market dynamics beyond traditional price-based indicators.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Smart Tools for Smarter Trades: phenlabs.com
Join our growing community: discord.gg/phen
All content provided by PhenLabs is for informational & educational purposes only. Past performance does not guarantee future results.
Join our growing community: discord.gg/phen
All content provided by PhenLabs is for informational & educational purposes only. Past performance does not guarantee future results.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Smart Tools for Smarter Trades: phenlabs.com
Join our growing community: discord.gg/phen
All content provided by PhenLabs is for informational & educational purposes only. Past performance does not guarantee future results.
Join our growing community: discord.gg/phen
All content provided by PhenLabs is for informational & educational purposes only. Past performance does not guarantee future results.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。