Breaks volume into buy and sell volume and stacks them based on which side has higher volume.
Dynamic Buy / Sell Stack
Unlike other buy/sell volume indicators, which statically display this information (typically green over red), this indicator dynamically stacks the higher volume side on top. For example, green over red indicates more buy-side volume, red over green indicators more sell-side volume.
Current Candle Volume Buy/Sell %
A label shows the % buy vs sell volume for the current candle in real-time. This label is also dynamic with the left position being higher volume.
How the Buy/Sell Volume is Calculated
Buy/Sell % is calculated based on price.
Buy % is calculated using the distance between the low of the candle to the closing value of the candle and dividing that by the total range of the candle high to low.
Sell % is calculated using the distance between the high of the candle to the closing value of the candle and dividing that by the total range of the candle high to low.
Please note this is a proxy metric and while it is incredibly useful, it is not going to match up exactly with actual buy/sell volume that can be found on tape.
No one better than Saty...thank you for this and all your kindness.
juliorod02
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excelent, i am using it . thanks saty
ankurg_sub
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I didn't undertand what is buy v/s sell volume/ The buy and Sell volume will be equal right - someone has to sell for the other to buy. So what does this split indicate?
codename_trading
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@ankurg_sub, You should read A Complete Guide to Volume Price Analysis by Anna Coulling to understand the volume more!