This is a decision-support indicator. It is not an automated buy/sell system.

THE CORE CONCEPT

Standard volume shows how much traded, but not the directional pressure behind that volume. CDV Pro estimates directional volume using the Close Location Value (CLV) method. Each bar’s volume is weighted by where price closes within that bar’s range, then accumulated into a running delta series.

The result is displayed in a separate pane as CDV candles or a CDV line, with optional Heikin Ashi smoothing and a Signal EMA that helps define the prevailing delta trend.

Important: CDV in this script is an approximation derived from standard OHLCV chart data. It is not exchange-reported order-flow or tick-level delta. It should be read as a directional estimate.

HOW IT WORKS

The indicator layers several independent checks and condenses them into a 0–100 conviction score for each direction:

• CDV trend — delta position relative to its Signal EMA
• Multi-timeframe alignment — delta direction across selected higher timeframes
• Adaptive HTF mode — automatically adjusts required higher timeframes based on the chart timeframe
• ADX trend gate — checks whether conditions are trending rather than weak/ranging
• Volume spike gate — checks for above-average participation
• Price EMA gate — aligns signals with underlying price structure
• Candle confirmation — optionally requires bullish/bearish candle confirmation
• Chop / No-Trade Zone — identifies low-conviction compression between CDV and its Signal EMA
• Session filter — focuses signals around London and/or New York sessions
• Divergence engine — highlights disagreement between price and delta

A signal is designed to mark when a CDV flip occurs, active filters are aligned, and the score clears the selected threshold. Strong signals require the normal signal conditions plus recent divergence confirmation.

LIVE DASHBOARD

An on-chart dashboard summarizes the main components in real time, including:

• Higher-timeframe CDV direction
• Which higher timeframes are currently required
• Volume state
• ADX state
• Chop / no-trade status
• Session state
• Candle confirmation
• Long and short scores
• Final bias

This allows the trader to see which conditions are supporting a setup and which conditions are blocking it.

HOW TO USE

1. Add the indicator to a separate pane on your chart.
2. Set your session, gate, and score-threshold preferences.
3. Use higher thresholds and more active gates for fewer, more selective signals.
4. Treat the dashboard bias and score as context.
5. Treat BUY / SELL or STRONG labels as prompts to begin your own analysis, not as automatic entries.
6. Confirm with price structure, market context, and your own risk plan before considering any trade decision.

This tool is intended as one input within a complete trading process.

ALERTS

The built-in alert system covers setup, signal, strong signal, divergence, bias change, multi-timeframe alignment, session open, chop zone, and conflict events.

Bot Alert Mode produces a structured multi-line alert message suitable for webhook-based handling. When Bot Alert Mode is enabled, create the TradingView alert using “Any alert() function call”. If using manual TradingView alert conditions instead, Bot Alert Mode can be turned off to avoid duplicate alerts.

WHY THIS SCRIPT IS INVITE-ONLY

The value of SRFX CDV Pro is in the integrated workflow: the way the CLV-based delta model, multi-timeframe logic, adaptive timeframe selection, trend/volume/session gating, divergence logic, and scoring framework are combined into a single decision-support process.

The script is published invite-only to protect this integrated logic, while the description and dashboard explain what the tool does and how to read it.

NOTES AND DISCLAIMER

No indicator predicts the market or guarantees outcomes. CDV Pro is a decision-support and educational tool only. It is not financial advice and should not be used as a standalone trading system. Always use your own analysis, risk management, and trade plan.