CVD Enhanced: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Adjustable positive and negative threshold lines mark bullish and bearish confirmation levels, with the area between them shaded as a neutral zone. Candle colour changes depending on whether delta sits above, below or between the thresholds. Settings cover line style, width and colours, labels, and an optional custom lower timeframe.

Volume delta candles in a separate pane
Positive and negative threshold lines
Shaded neutral zone
Custom line styles and colours

Details

Published by

turnupdigital on GitHub

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

Trend/CVD_Enhanced_With_Threshold_Lines.pine

Repository

github.com/turnupdigital/riskmanager. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Anchor Period	`timeframe`	`1D`	`anchorInput`
Use Custom Timeframe	`bool`	`false`	`useCustomTimeframeInput`
Custom Timeframe	`timeframe`	`1`	`lowerTimeframeInput`
Show Threshold Lines	`bool`	`true`	`showThresholdLines`
Positive Threshold	`int`	`1000`	`positiveThreshold`
Negative Threshold	`int`	`-1000`	`negativeThreshold`
Line Style	`string`	`Solid`	`thresholdLineStyle`
Positive Line Color	`color`	`color.new(color.green, 0)`	`positiveLineColor`
Negative Line Color	`color`	`color.new(color.red, 0)`	`negativeLineColor`
Line Width	`int`	`2`	`lineWidth`
Show Threshold Labels	`bool`	`true`	`showLabels`
Show Neutral Zone	`bool`	`true`	`showZone`

Show all 15 settings

Setting	Type	Default	Variable
Neutral Zone Color	`color`	`color.new(color.gray, 80)`	`zoneColor`
Bullish CVD Color	`color`	`color.new(color.teal, 0)`	`bullishCandleColor`
Bearish CVD Color	`color`	`color.new(color.red, 0)`	`bearishCandleColor`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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