Calculates an Elastic Volume Weighted Moving Average (EVWMA), incorporating trading volume to dynamically adjust moving average responsiveness over a specified lookback length. It plots directly on the price chart as a single moving average line. Optional colo
Indicator · Pine Script v6 · On the chart
True Net Delta Under Candle
This indicator requests the native footprint for each bar and prints the net delta, buy volume minus sell volume, as a small label below the candle on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code60
Settings7inputs
LicenceNone stated
Last update6 months ago15 Apr 2026
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
Colours show positive, negative or zero delta. Settings control ticks per footprint row, value area percentage, how many recent bars get labels, a minimum absolute delta, label offset and text size. It needs footprint data and gives no entry or exit signals.
- Net delta label under each candle
- Native footprint data
- Minimum delta filter
- Adjustable offset and text size
- Limit on labelled bars
Details
Published by
mikeyhu70 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volume
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Ticks per footprint row | int | 1 | ticksPerRow |
| Value Area % | int | 70 | valueAreaPct |
| Show labels on last N bars | int | 100 | barsToShow |
| Minimum absolute delta to show | float | 0 | minAbsDelta |
| Show zero delta | bool | false | showZeros |
| Offset below candle (ticks) | int | 8 | offsetTicks |
| Text size | string | small | textSizeInput |
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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