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!**