Delta CandleTool

DeltaCandleTool is an advanced market microstructure indicator. It reconstructs an internal volume profile for each candlestick and provides detailed insights to support informed trading decisions.

By pressing the middle mouse button (option enabled in settings) while hovering over a candle, a popup displays detailed statistics: high/low prices, Points of Control (POC), delta, and more.

Designed for professional or semi-professional use
Recommended timeframe: M5

How It Works

1. Data Collection

For each visible candle, the indicator retrieves Open, High, Low, Close (OHLC) prices from a lower timeframe ( InpLowerTF ).
These values are stored in a matrix by candle and sub-bar, simulating intra-candle distribution.

2. Profile Construction

• Prices are grouped into bins based on InpBinSizePips .

• Each bin records an approximate volume from occurrence counts.

• The distribution is normalized to calculate:

  • POC (Point of Control): the most traded price level

  • Value Area (VA): zone representing 70% of total volume

  • Delta: volume above POC – volume below

  • Imbalances: buy/sell imbalance exceeding InpImbalanceThreshold

Visual Display

• Bins are shown as colored rectangles behind candles ( InpColdColor → InpHotColor ).

• POC and Value Area are drawn as horizontal lines.

• ▲ or ▼ indicates delta (buying or selling pressure).

• Candles with strong imbalances are outlined.

• A dynamic tooltip displays detailed candle statistics on hover.

• A global stats bar summarizes the last 5 candles: bias, cumulative delta, bull/bear ratio, and imbalances.

Alerts

• If InpEnableAlerts = true , the indicator triggers a sound/text alert whenever a strong imbalance is detected on the last candle.

• Built-in anti-spam via InpAlertCooldown .

Visual Guide