Delta Volume BubblesDelta Volume Bubbles
Overview
The Delta Volume Bubbles indicator is an advanced order flow visualization tool that displays buying and selling pressure through dynamic bubble representations on your chart. Unlike traditional volume indicators that only show total volume, this indicator calculates the net delta volume (difference between buying and selling volume) and presents it as color-coded bubbles of varying sizes.
How It Works
Core Calculation Method
The indicator uses a sophisticated approach to estimate delta volume from standard OHLCV data:
1. Price Action Analysis: Analyzes the relationship between open, high, low, and close prices to determine market aggression
2. Body Ratio Calculation: body_ratio = |close - open| / (high - low)
3. Aggressive Factor: Applies multipliers based on price action:
- Strong moves (body_ratio > 0.7): 1.5x multiplier
- Moderate moves (body_ratio > 0.4): 1.2x multiplier
- Weak moves: 1.0x multiplier
4. Delta Volume Estimation:
- Buy Volume: price_change > 0 ? volume × aggressive_factor : 0
- Sell Volume: price_change < 0 ? volume × aggressive_factor : 0
- Net Delta: buy_volume - sell_volume
5. Delta Strength Normalization: delta_strength = |net_delta| / sma(volume, 20)
Percentile-Based Filtering
The indicator uses percentile filtering instead of fixed thresholds, making it adaptive to market conditions:
- Bubble Filter: Only shows bubbles when volume exceeds the specified percentile (default: 60%)
- Label Filter: Only displays numbers when volume exceeds a higher percentile (default: 90%)
- Dynamic Adaptation: Automatically adjusts to changing market volatility
Visual Elements
Bubble Sizes
- Tiny: Delta strength < 0.3
- Small: Delta strength 0.3 - 0.7
- Normal: Delta strength 0.7 - 1.2
- Large: Delta strength 1.2 - 2.0
- Huge: Delta strength > 2.0
Color Coding
- Aggressive Buy (Bright Green): Strong buying pressure with high body ratio
- Aggressive Sell (Bright Red): Strong selling pressure with high body ratio
- Passive Buy (Light Green): Moderate buying pressure
- Passive Sell (Light Red): Moderate selling pressure
Intensity Mode
Alternative coloring based on delta strength rather than flow direction:
- Gray: Low intensity (< 0.5)
- Blue: Medium intensity (0.5 - 1.0)
- Orange: High intensity (1.0 - 2.0)
- Red: Extreme intensity (> 2.0)
Parameters
Order Flow Settings
- Show Bubbles: Toggle bubble display on/off
- Bubble Volume %ile: Percentile threshold for bubble display (0-100%)
- Intensity Mode: Switch between flow-based and intensity-based coloring
Bubble Labels
- Show Numbers in Bubbles: Toggle numerical labels on/off
- Label Volume %ile: Higher percentile threshold for label display (0-100%)
Numbers are displayed in K-notation (e.g., 25000 → 25K, 1500000 → 1.5M) for better readability.
Ideal Usage Scenarios
Best Market Conditions
- High volume sessions: More accurate delta calculations
- Trending markets: Clear directional flow identification
- Breakout scenarios: Spot aggressive buying/selling at key levels
- Support/resistance testing: Identify accumulation vs distribution
Trading Applications
1. Entry Timing: Look for aggressive flow in your trade direction
2. Exit Signals: Watch for opposing aggressive flow
3. Trend Confirmation: Consistent flow direction confirms trends
4. Volume Climax: Huge bubbles may indicate exhaustion points
Optimization Tips
Parameter Adjustment
- Lower percentiles (40-60%): More bubbles, good for active markets
- Higher percentiles (70-90%): Fewer bubbles, focus on significant events
- Label percentile: Set 20-30% higher than bubble percentile for clarity
Visual Optimization
- Intensity mode: Better for identifying unusual volume spikes
- Flow mode: Better for directional bias analysis
- Label toggle: Turn off in crowded markets, on for key levels
Limitations
- Estimation-based: Uses approximation algorithms, not true order flow data
- Volume dependency: Requires accurate volume data to function properly
- Timeframe sensitivity: Works best on intraday timeframes with active volume
- Market hours: Most effective during high-volume trading sessions
Technical Notes
The indicator implements advanced Pine Script features including:
- Dynamic percentile calculations using ta.percentile_linear_interpolation()
- Conditional plotting with multiple size categories
- Custom number formatting functions
- Efficient label management to prevent display limits
This tool is designed for traders who want to understand the underlying buying and selling pressure beyond simple volume analysis, providing insights into market sentiment and potential turning points.
Volumedots
Liquidation Ranges + Volume/OI Dots [Kioseff Trading]Hello!
Introducing a multi-faceted indicator "Liquidation Ranges + Volume Dots" - this indicator replicates the volume dot tools found on various charting platforms and populates a liquidation range on crypto assets!
Features
Volume/OI dots populated according to user settings
Size of volume/OI dots corresponds to degree of abnormality
Naked level volume dots
Fixed range capabilities for volume/OI dots
Visible time range capabilities for volume/OI dots
Lower timeframe data used to discover iceberg orders (estimated using 1-minute data)
S/R lines drawn at high volume/OI areas
Liquidation ranges for crypto assets (10x - 100x)
Liquidation ranges are calculated using a popular crypto exchange's method
# of violations of liquidation ranges are recorded and presented in table
Pertinent high volume/OI price areas are recorded and presented in table
Personalized coloring for volume/OI dots
Net shorts / net long for the price range recorded
Lines shows reflecting net short & net long increases/decreases
Configurable volume/OI heatmap (displayed between liquidation ranges)
And some more (:
Liquidation Range
The liquidation range component of the indicator uses a popular crypto exchange's calculation (for liquidation ranges) to populate the chart for where 10x - 100x leverage orders are stopped out.
The image above depicts features corresponding to net shorts and net longs.
The image above shows features corresponding to liquidation zones for the underlying coin.
The image above shows the option to display volume/oi delta at the time the corresponding grid was traded at.
The image above shows an instance of using the "fixed range" feature for the script.
*The average price of the range is calculated to project liquidation zones.
*Heatmap is calculated using OI (or volume) delta.
Huge thank you to Pine Wizard @DonovanWall for his range filter code!
Price ranges are automatically detected using his calculation (:
Volume / OI Dots
Similar to other charting platforms, the volume/OI dots component of the indicator distinguishes "abnormal" changes in volume/OI; the detected price area is subsequently identified on the chart.
The detection method uses percent rank and calculates on the last bar of the chart. The "agelessness" of detection is contingent on user settings.
The image above shows volume dots in action; the size of each volume dot corresponds to the amount of volume at the price area.
Smaller dots = lower volume
Larger dots = higher volume
The image above exemplifies the highest aggression setting for volume/OI dot detection.
The table oriented top-right shows the highest volume areas (discovered on the 1-minute chart) for the calculated period.
The open interest change and corresponding price level are also shown. Results are listed in descending order but can also be listed in order of occurrence (most relevant).
Additionally, you can use the visible time range feature to detect volume dots.
The feature shows and explains how the visible range feature works. You select how many levels you want to detect and the script will detect the selected number of levels.
For instance, if I select to show 20 levels, the script will find the 20 highest volume/OI change price areas and distinguish them.
The image above shows a narrower price range.
The image above shows the same price range; however, the script is detecting the highest OI change price areas instead of volume.
* You can also set a fixed range with this feature
* Naked levels can be used
Additionally, you can select for the script to show only the highest volume/ OI change price area for each bar. When active, the script will successively identify the highest volume / OI change price area for the most recent bars.
Naked Levels
The image above shows and explains how naked levels can be detected when using the script.
And that's pretty much it!
Of course, there're a few more features you can check out when you use the script that haven't been explained here (:
Thank you again to @DonovanWall
Thank you to @Trendoscope for his binary insertion sort library (:
Thank you to @PineCoders for their time library
Thank you for checking this out!
