Real CVD

🔍 Real CVD Indicator – Short Analysis

This script plots a Cumulative Volume Delta (CVD) along with its moving average and standard deviation bands, giving insights into volume pressure and market strength.

Key Features:

📈 CVD Calculation

Uses buy volume if the candle is bullish (close > open), else sell volume.

CVD is accumulated using talib.cum().

📊 Bollinger-style Bands:

1, 2, and 3 standard deviation bands (upper & lower) around a short SMA of CVD.

Bands adapt based on recent volatility.

🟦 Dynamic Fill Zones:

Fills between bands with blue when the current volatility is lower than a long-term average — signaling low activity or coiling.

🟩🟥 Momentum Zone Fill:

Fills between raw CVD and its EMA.

Green fill = bullish momentum (CVD > EMA)

Red fill = bearish momentum (CVD < EMA)

✅ Use this to spot:

Momentum shifts (via EMA crossover)

Accumulation/distribution pressure

Volatility contractions before breakouts