Power CVD

An oscillator from −10 to +10 for Binance futures: averaged RSIs of cumulative volume delta and price on three horizons. It marks overheating up and down.

What it is

Power CVD combines into one number how overbought or oversold two values are: the cumulative volume delta (CVD) and the price. Both are measured with RSI on three horizons: one day, 4 hours and 40 minutes. A value above zero means buyers and price are stronger than usual, below zero means sellers dominate and price is weaker than usual.

The model is computed on the server from 1-minute candles of Binance USDT perpetual futures, for all trading coins. The value is recalculated every second and saved to history once a minute. The current, still open candle is included in the calculation.

Power CVD is available in two forms:

• the Power CVD widget: a table of all coins with the current value;
• the [SFM] Power volume delta indicator on the chart ([SF] PVD in the chart legend): the value line, bands and background highlighting.

The model is part of the Pro plan. The widget opens from the "Screeners → Microstructure → Power CVD" menu.

Formula

1. The volume delta of each 1-minute candle: market buy volume minus market sell volume, in coins:

$$Delta = V_{buy} - V_{sell}$$

2. The cumulative delta over the last day: a rolling sum of the delta over 1440 minutes:

$$CVD = \sum_{1440} Delta$$

3. The RSI of the cumulative delta and the RSI of the close price on three periods: 1440, 240 and 40 minutes. Each RSI is computed on exactly the last $n$ changes, with no smoothing over earlier history. The RSIs are then averaged:

$$F_{cvd} = \frac{RSI_{1440}(CVD) + RSI_{240}(CVD) + RSI_{40}(CVD)}{3}$$ $$F_{price} = \frac{RSI_{1440}(Close) + RSI_{240}(Close) + RSI_{40}(Close)}{3}$$

4. The result is the average of the two values, moved from the 0…100 scale to the −10…+10 scale:

$$F = \frac{F_{cvd} + F_{price}}{2}, \qquad PowerCVD = \frac{F - 50}{5}$$

A value of +2 corresponds to an average RSI of 60, a value of −2 to an average RSI of 40.

Signals

In addition to the value, the server sets two flags:

Signal	Condition
Short	$F$ above 60 (value above +2) and also the daily delta RSI below 40 or the daily price RSI above 60
Long	$F$ below 40 (value below −2) and also the daily delta RSI above 60 or the daily price RSI below 40

Short is overall overheating to the upside, where either the price has already risen strongly over the day or the delta over the day has weakened. Long is the mirror case: overheating to the downside.

Widget

Column	What it shows
Symbol	Coin
Value	Power CVD value, from −10 to +10

By default the table is sorted by Value in descending order. When a coin changes in the top five rows, the row flashes for a second.

Filters:

• From: value greater than the one entered;
• To: value less than the one entered.

For example, From = 2 keeps coins in the upside overheating zone, To = −2 keeps coins in the downside overheating zone. The global filters of the control panel and the blacklist also apply to the table. The Short and Long flags are not in the table; they are visible only on the indicator.

Indicator

Element	What it shows
Step line	Power CVD value. Green above the upper band, red below the lower band, gray in between
Dashed bands	Upper and lower bounds, +2 and −2 by default
Red background	Short signal
Green background	Long signal

Settings:

• Symbol: the coin to take the model from. By default, the chart coin.
• Upper band: the upper band, 2 by default.
• Lower band: the lower band, −2 by default.

The bands only change the line color. The conditions of the Short and Long signals are set by the server and do not depend on the band settings.

How to read it

• A value above +2: for both price and cumulative delta, averaged over the three horizons, rises clearly outweigh falls. A green line means a strong market, not a buy signal.
• A red background (Short) appears only in the zone above +2. It marks overheating: the rise has already happened, and either the price has risen strongly over the day or buyers have weakened over the day.
• A green background (Long): the same for the zone below −2.
• The 40-minute RSIs move the value fastest, while the daily components change slowly. So a sharp change in the value reflects the last few dozen minutes, not the whole day.

Limitations

• Binance USDT perpetual futures only. The delta is computed from volume in coins.
• The calculation needs 2,881 one-minute candles of history, so a new coin has no value for its first two days.
• The Short and Long signals are counter-trend by design: they appear after a move, not before it.
• There is no public backtest of the model yet. We do not claim that the Short and Long signals predict a reversal.