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The AlgoBot CVD indicator for TradingView is a powerful tool designed to provide deeper insights into market dynamics by analyzing Cumulative Volume Delta (CVD). This indicator helps traders assess buying and selling pressure by aggregating volume data and tracking shifts in market sentiment. With features such as aggregated data processing, RSI overlay, and Traffic Light signals based on ROC and Bollinger Bands, AlgoBot CVD offers a comprehensive approach to volume analysis, making it an essential tool for traders who rely on order flow and momentum-based strategies.
Key Features
Cumulative Volume Delta (CVD) Analysis:
AlgoBot CVD calculates real-time volume imbalances between buying and selling pressure. By monitoring CVD movements, traders can identify potential trend shifts, market reversals, and accumulation or distribution phases. Extreme levels are auto
Aggregated and Non-Aggregated Data Modes:
The indicator supports both Aggregated and Non-Aggregated modes. Non-Aggregated mode processes data exclusively from the current chart, while Aggregated mode allows traders to combine data from multiple exchanges, improving the accuracy of CVD calculations.
Customizable CVD and RSI Thresholds:
Users can define upper and lower threshold levels to identify extreme CVD values. When the CVD exceeds these thresholds, the indicator highlights potential overbought or oversold conditions and can trigger alerts.
RSI Overlay for Additional Confirmation:
AlgoBot CVD includes an optional RSI overlay, which helps traders filter CVD signals based on relative strength conditions. This feature allows for a multi-layered confirmation strategy, combining volume-based and momentum-based analysis.
ROC + Bollinger Bands (BB) Traffic Lights:
The Rate of Change (ROC) with Bollinger Bands feature provides additional momentum signals. It visualizes price acceleration and slowdown by plotting traffic light signals (Green, Red, Yellow, Gray) when ROC moves beyond or re-enters Bollinger Bands.
Alert System:
AlgoBot CVD includes a comprehensive alert system that notifies traders of key market changes, such as:
- CVD Extreme High/Low Alerts: Triggered when CVD crosses predefined thresholds.
- Traffic Light Alerts: Notifies users when ROC behavior changes relative to Bollinger Bands, helping to anticipate shifts in momentum.
AlgoBot CVD Key Features Summary:
- Track cumulative buying and selling pressure with real-time Cumulative Volume Delta calculations.
- Choose between Aggregated and Non-Aggregated data modes for enhanced market insights.
- Premium TradingView plan users can force to use of 1-second data.
- Customize CVD thresholds to detect extreme buying or selling conditions.
- Use RSI overlay for additional trade confirmation.
- Monitor ROC + Bollinger Bands (BB) Traffic Lights to assess momentum shifts.
- Receive real-time alerts for CVD extremes and ROC+BB signals.
- Fully customizable display options to match any trading style.
