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ZenAlgo - Bender

ZenAlgo - Bender is a powerful volume and delta-based indicator for TradingView, blending market data from Spot and Perpetuals, with multi-layered visuals and advanced filtering for scalpers and analysts.

Overview​

ZenAlgo - Bender brings together multiple volume analytics into a single, deeply visual chart overlay.
It aggregates buy/sell volume and net Delta from multiple exchanges and market types, decomposes the flows, colors the bars by activity, and offers a rich set of symbols and overlays—making it easy to spot volume anomalies, shifting market momentum, and hidden clues in market participation.

What Bender Is

This indicator does not provide buy/sell signals or predict price.
It helps you understand the balance of participation and spot/derivatives flows on any timeframe.

Core Concepts​

Volume Aggregation​

  • Combines volume from multiple spot and perpetual (derivatives) exchanges.
  • Aggregation mode ensures a composite view for each bar—ideal for multi-exchange coins.

Buy/Sell Decomposition​

  • Each bar's total volume is decomposed into estimated buy vs. sell portions:
    • Green = Buy (bullish pressure)
    • Red = Sell (bearish pressure)
  • The split is calculated from candle body, wick, and direction (open/close).

Delta & Cumulative Delta​

  • Delta = Buy volume - Sell volume
    • Positive Delta: More buying in that bar
    • Negative Delta: More selling
  • Cumulative Delta: Sums Delta over 14 bars to reveal pressure trends.

PVSRA Color Tints​

Bars are colored using PVSRA logic:

  • Climax Bars (volume spikes):
    • 🟩 Climax Up: Very high bullish volume (bright green)
    • 🟥 Climax Down: Very high bearish volume (bright red)
  • Above-Average Bars:
    • 🟦 Bullish above-average (blue)
    • 🟪 Bearish above-average (purple)
  • Neutral Bars:
    • Default ZenAlgo palette colors

Tables: Spot vs. Perpetual​

An optional table (bottom-right by default) displays for each source:

MetricBuy VolumeSell VolumeDelta
Total.........
Perc.........
  • Percentages help you quickly see if flows are skewed.
  • The multi-timeframe table lets you compare these metrics for 15m/1h/4h against your chart's current timeframe.
Pro Tip

If the chart feels cluttered, you can hide the tables or individual overlays to focus on the visuals you care about.

Visual Symbols, Colors, and Overlays​

Below is a breakdown of what each shape and color means:

1. Delta Histogram​

  • Large bars below/above zero:
    • Big green bar = buy Delta spike
    • Big red bar = sell Delta spike

2. Delta Moving Average (Delta MA)​

  • A thick white/orange line overlays the histogram:
    • White: Delta MA trending up
    • Orange: Delta MA trending down

3. Stacked EMAs (if not in Scalping Mode)​

  • Multiple colored lines (lengths: 3, 5, ..., 90 bars)
  • Used for detecting momentum shifts and possible crossovers.

4. Delta Dots (Circles)​

  • Plotted when net Delta suddenly increases (multiplier-based):
    • 🟢 Green above candles = bullish Delta acceleration
    • 🔴 Red below candles = bearish Delta acceleration
  • Size of dot = strength of move (small, large, extra large)

5. Diamonds​

  • Appear below/above bars for strong confluence (Delta + EMAs + other signals)
  • Small or normal size based on RSI/MFI confirmation
  • Optional: "Hardcore Mode" for stricter diamonds

6. Triangles​

  • Upwards white triangle:
    • EMA 21 crosses above EMA 50 (potential new bullish trend)
  • Downwards orange triangle:
    • EMA 21 crosses below EMA 50 (potential bearish trend)
  • Large triangle:
    • All fast MAs rising/falling + MA 21 >/< MA 50 (very strong trend confirmation)

7. Scalping Mode Overlays​

  • Special overlays and simplified EMAs for fast-paced environments
  • Focus on MA 13, MA 21, and MA 50 in white/orange
  • Colored diamonds/triangles signal key crossovers and trend inflections

How to Interpret Each Visual​

Histogram (Delta)​

  • Tall green bars: buy pressure
  • Tall red bars: sell pressure

Delta MA (Thick Line)​

  • White = uptrend in Delta; Orange = downtrend in Delta

Dot/Shape Markers​

  • Circles: Sudden Delta changes (the bigger, the more significant)
  • Diamonds: Strong trend + confluence (with/without "hardcore mode")
  • Triangles: Trend MA cross events (white = up, orange = down)

Bar Coloring (PVSRA)​

  • Neon green/red: "Climax" (extreme activity)
  • Blue/purple: "Above average"
  • Soft palette: Standard/neutral bars

Tables​

  • See at a glance if volume flows are buy/sell dominated (and if spot or perps are leading).

Tips, Tricks & Advanced Use​

Tips for Best Results
  • Use multi-timeframe tables to spot higher-timeframe confluence.
  • Toggle "Hardcore Mode" for extra strict trend/diamond conditions.
  • Adjust multipliers for dots to fit your instrument's volatility.
Customization
  • You can select which EMAs are drawn and adjust MA lengths for your own strategy.
  • Table and overlay visibility can be toggled in the indicator settings.
Not a Signal Service
  • Warning: None of the markers or overlays are trade signals!
  • The script is a tool for visual analytics—always apply your own risk management and confluence.

Frequently Asked Questions​

Why do I see so many shapes at once?​

This is normal when market activity is high or if multiple features are enabled.
Tip: Temporarily hide some overlays in the script settings for clarity.

Can I use this for automated trading?​

No. The script is not designed for automation and does not output trade signals.

What if some tables or overlays disappear?​

Check your indicator settings. Some overlays may hide automatically in certain modes (like Scalping Mode).

Final Notes​

ZenAlgo - Bender is ideal for active traders and analysts who want a transparent, multi-source look at market flows. It's designed for flexibility and deep analysis—experiment with feature toggles to discover your own edge!