SCOTTGO - Buy Sell Volume

📊 SCOTTGO - Buy Sell Volume Bars - Delta - Up Down Volume Bars

This indicator disaggregates the total volume traded on each bar into estimated Buying Volume and Selling Volume to visualize market pressure and dominance directly in a dedicated sub-pane.

Key Features:
Volume Disaggregation: Uses a standard formula to estimate how much of a bar's total volume was associated with upward (buying) pressure and how much was associated with downward (selling) pressure.

Visual Clarity: Plots the Buy Volume (teal, upward) and Sell Volume (red, downward) as separate columns against a transparent total volume background, allowing for quick assessment of pressure balance.

Real-Time Badge: A dynamic badge is fixed to the corner of the chart (default: Top Right) providing a numeric summary of the latest bar:

Buy %: Percentage of the bar's total volume estimated as Buying Volume.

Sell %: Percentage of the bar's total volume estimated as Selling Volume.

Delta %: The magnitude of the volume difference (Delta) as a percentage of total volume, indicating the strength of the dominant side.

Dominance Indicator: The background color of the badge changes dynamically to immediately signal whether Buying (customizable color, default: Teal) or Selling (customizable color, default: Red) pressure was dominant on the current bar.

Usage:
Traders can use this tool to identify periods of heavy accumulation (high Buy Volume) or distribution (high Sell Volume), providing insight into the conviction behind price movements.