Buying vs Selling Power
This is a simple script that can help identify buying and selling pressure over a period of time.
This is a great addition to any strategy to help confirm direction and strength. You can accompany this indicator with something as simple as a moving average crossover or MACD crossover to help with confirmation of the signal as you want to trade in the direction of volume.
This is a great addition to any strategy to help confirm direction and strength. You can accompany this indicator with something as simple as a moving average crossover or MACD crossover to help with confirmation of the signal as you want to trade in the direction of volume.