OPEN-SOURCE SCRIPT
DAMMU Buy vs Sell Liquidity + Difference
Indicator Name:
Buy vs Sell Liquidity + Difference
Purpose:
This indicator helps traders analyze market liquidity by comparing the cumulative buy and sell volumes within a specified timeframe. It shows which side (buyers or sellers) is dominating and the magnitude of the imbalance.
Key Features:
Aggregation Timeframe:
Users can select the timeframe (1, 2, 3, 5, 15, 30 minutes) for which volume is analyzed.
Buy & Sell Volume Calculation:
Buy Volume: Total volume of candles where close > open.
Sell Volume: Total volume of candles where close < open.
Daily Reset:
Totals reset at the start of each new day, ensuring intra-day liquidity analysis.
Difference Calculation:
Shows the absolute difference between buy and sell volumes.
Also calculates the difference as a percentage of total volume.
Percentages:
Displays buy %, sell %, and diff % to 4 decimal places, giving precise insights.
Table Display:
A two-row table in the top-right corner of the chart:
Row 1: Absolute totals for BUY, SELL, and DIFF (full numbers with commas).
Row 2: Percentages for BUY, SELL, and DIFF (4 decimals).
Uses color coding: Green for BUY, Red for SELL, Dynamic for DIFF (based on dominance).
How to Use:
High Buy Volume: Indicates strong buying pressure; bullish sentiment.
High Sell Volume: Indicates strong selling pressure; bearish sentiment.
Large DIFF %: Signals dominant market side; useful for short-term scalping or spotting liquidity imbalance.
Comparing BUY vs SELL %: Helps identify when the market may reverse or continue the trend.
If you want, I can also make a 1-paragraph “trader-friendly” explanation that you could directly include in your Pine Script as a comment or in a strategy guide.
Buy vs Sell Liquidity + Difference
Purpose:
This indicator helps traders analyze market liquidity by comparing the cumulative buy and sell volumes within a specified timeframe. It shows which side (buyers or sellers) is dominating and the magnitude of the imbalance.
Key Features:
Aggregation Timeframe:
Users can select the timeframe (1, 2, 3, 5, 15, 30 minutes) for which volume is analyzed.
Buy & Sell Volume Calculation:
Buy Volume: Total volume of candles where close > open.
Sell Volume: Total volume of candles where close < open.
Daily Reset:
Totals reset at the start of each new day, ensuring intra-day liquidity analysis.
Difference Calculation:
Shows the absolute difference between buy and sell volumes.
Also calculates the difference as a percentage of total volume.
Percentages:
Displays buy %, sell %, and diff % to 4 decimal places, giving precise insights.
Table Display:
A two-row table in the top-right corner of the chart:
Row 1: Absolute totals for BUY, SELL, and DIFF (full numbers with commas).
Row 2: Percentages for BUY, SELL, and DIFF (4 decimals).
Uses color coding: Green for BUY, Red for SELL, Dynamic for DIFF (based on dominance).
How to Use:
High Buy Volume: Indicates strong buying pressure; bullish sentiment.
High Sell Volume: Indicates strong selling pressure; bearish sentiment.
Large DIFF %: Signals dominant market side; useful for short-term scalping or spotting liquidity imbalance.
Comparing BUY vs SELL %: Helps identify when the market may reverse or continue the trend.
If you want, I can also make a 1-paragraph “trader-friendly” explanation that you could directly include in your Pine Script as a comment or in a strategy guide.
Skrypt open-source
W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Skrypt open-source
W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.