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.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.