Cumulative volume delta (CVD)

A running total of buy volume minus sell volume, counting trades that hit the market at once.

What it means

CVD rising with price shows buyers driving the move; a new price high while CVD falls is a divergence.

What to watch

Divergences between price and CVD, especially at new highs or lows.

How Compass-Alpha uses it

Background only; not used in any figure on Compass-Alpha.