Custom Order Flow Indicator

——— Page 1: Order Flow Indicator Overview ———
What is Order Flow?
Order Flow analysis shows whether buyers or sellers are more aggressive at each price, helping traders spot market sentiment shifts.

How This Indicator Works
Buy Volume: Estimated when candles close higher than they open.

Sell Volume: Estimated when candles close lower than they open.

Delta: Buy Volume minus Sell Volume (per bar).

Cumulative Delta: Running total, revealing trend of aggressive buying/selling.

Colour Coding: Candles & histogram colored by delta (green = buy dominance, red = sell dominance).

Heatmap Table: Buy/Sell volume for the current bar.

——— Page 2: Reading the Visualization ———
Example Diagram (include this in the PDF)
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▲ Positive Delta (Buyers dominating)
| | | Δ
| | ███████ | | (Green bars)
Price | ███████ | | (Candle body also green)
Levels | ███ | |
|______|____███_____|___|___________
| ███████ | ▼
| Negative Delta (Sellers dominating, Red)
Green bars: Aggressive buying, possible support zones forming.

Red bars: Aggressive selling, possible resistance or breakdown.

Delta Surge
Delta Surge Up: Large buy delta — sudden buying pressure, often precedes breakouts.

Delta Surge Down: Large sell delta — sudden selling, often precedes breakdowns.

Delta Flip
Delta Flip Up: Delta crosses from negative to positive — sellers lose control to buyers.

Delta Flip Down: Delta crosses from positive to negative — buyers lose control to sellers.

——— Page 3: How to Use in Practice ———
Combine with support/resistance: Use order flow signals at key price levels.

Watch for surges: If delta surges up at support, bulls are defending; at resistance, surge down may confirm breakdown.

Delta Flips: Sign of exhaustion/reversal, especially at overextended trends.

Alert-driven Trading: Let the indicator notify you; don’t chase every bar.

——— Page 4: Limitations and Best Practices ———
Works best on short timeframes (1m-15m), especially for liquid assets.

Not true order book: For Level 2, use dedicated order flow tools (Bookmap, ATAS, etc).

Volume logic is an approximation on TradingView.

Always combine with price action and context.

——— Page 5: Customisation & Settings ———
Delta Threshold: Filter out noise.

Delta Surge Value: Adjust based on your asset’s average volume.

Candle Colouring: Toggle for visual focus.

Cumulative Delta: Helps spot large trend shifts.

——— Page 6: Glossary ———
Delta: Buy Vol - Sell Vol per bar.

Surge: Sudden large delta.

Flip: Delta changes sign (trend reversal hint).