In brief
- CVD = cumulative sum of (aggressive buy volume − aggressive sell volume).
- Saturia shows CVD for spot and futures with independent toggles.
- Timeframes are the same as Chart: 3m, 15m, 1h, 4h, 1d.
- Used to tell whether a price move is backed by real flow.
In depth
What it measures
Every trade on an exchange has an aggressive side: either the buyer "hit the ask" or the seller "hit the bid". The delta of a candle is the difference between aggressive buy and sell volume. The CVD is the cumulative sum of these deltas over time.
CVD measures who's forcing the market: if it rises, buyers are attacking; if it drops, sellers are. Read against price, CVD helps distinguish "real" moves from traps.
How to read it versus price
Four typical configurations:
- Price up + CVD up → confirmed move, buyers in control.
- Price down + CVD down → confirmed move, sellers in control.
- Price up + CVD flat or down (bearish divergence) → price rises but buyers aren't really pushing. Often a short squeeze or illiquidity.
- Price down + CVD flat or up (bullish divergence) → possible absorption.
Spot vs futures in Saturia
Saturia's CVD page offers separate spot and futures toggles, because the two worlds move differently:
- Spot CVD tends to be a "cleaner" indicator of real accumulation/distribution.
- Futures CVD is more reactive, noisier, and influenced by leverage. Prolonged divergences between the two deserve attention.
You can enable one or both toggles to directly compare.
Timeframes
You can view CVD on the same timeframes as Chart: 3m, 15m, 1h, 4h, 1d. Lower timeframes for intraday activity; higher ones to understand underlying structure.
Limits
- Only on-book volume. CVD measures what happens on exchange order books. It doesn't see OTC, swaps, DeFi trades.
- Not predictive in isolation. Divergences fail. Use CVD as confirmation, not a direct trigger.
- Source-sensitive. The calculation depends on how each exchange reports the aggressive side.
When to use it
- Intraday trading: on 15m/1h to confirm breakouts or distinguish squeezes from real trends.
- Swing: on 4h/1d to assess accumulation or distribution structure.
- Before an entry: as a last check that the move you see is really supported.
When NOT to use it
If you're a monthly-horizon DCA investor, CVD isn't for you. It's an active trading tool, not a passive investing one.