Volume Strength Finder

2022년 4월 8일

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.