OPEN-SOURCE SCRIPT

Volume Strength Finder

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Generally, Volume indicator shows total Volume of a candle. In this Volume Strength Finder Indicator, I tried to separate Strength of buyers and sellers based on the candle stick pattern. Calculating Buyer and Seller Strength each and every candle of the day based on the pattern formation.

High - close => Buyers
Close - low => Sellers

in this way, cumulative volume separates for buyer and sellers and comparing with total volume of the day and showing results.

if buyer strength more than seller, candle bar color remains green even a candle is negative candle(Open>close) and wise versa.

Note: This is for Education Purpose only.

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.