LessonsIndicator atlasFlow: who is aggressive
CVD: cumulative delta
The sum of deltas since the start of a period: the direction of aggression over time.
How we compute it
The delta of successive candles added up from the reset (session, UTC day, week or no reset). In Charts there is also exchange CVD: Hyperliquid, Binance (perp and spot) and Bybit, computed in the reader's browser.
How to read it
- Price and CVD in the same direction: a move with aggression. A divergence: a move without aggression, or aggression being absorbed.
- Exchange CVD tells you whether Hyperliquid moves together with the larger markets.
Traps
- CVD divergences look convincing on a chart, but in our tests they gave no edge after costs.
- The shape of CVD depends on where it resets.
Combine with
- With open interest and price (the four quadrants from the cascade exercise).
- With the exchange panels: agreement between HL, Binance and Bybit strengthens the reading.
In Charts
CVD panel under the chart; reset in the settings; Indicators → Exchange CVD
The figure from a real market slice, the exercises and the Charts workstation button are in the Lessons tab.