Intrabar Volume Distribution [BigBeluga]

24. Feb.

Intrabar Volume Distribution [BigBeluga] is an advanced volume and order flow indicator that visualizes the buy and sell volume distribution within each candlestick.

🔔 Before Use:

• Turn off the background color of your candles for clear visibility.
  
• Overlay the indicator on the top layout to ensure accurate alignment with the price chart.
  

🔵Key Features:
Inside Bar Volume Visualization:

• Each candlestick is divided into two columns:
  Left column displays the sell % volume amount.
  Right column displays the buy % volume amount.
  
• Provides a clear representation of buyer-seller activity within individual bars.
  

Percentage Volume Labels:

• Labels above each bar show the percentage share of sell and buy volume relative to the total (100%).
  
• Quickly assess market sentiment and volume imbalances.
  

Point of Control (POC) Levels:

• Orange dashed lines mark the POC inside each bar, indicating the price level with the highest traded volume.
  
• Helps identify key liquidity zones within individual candlesticks.
  

Multi-Timeframe Volume Analysis:

• The indicator automatically uses a timeframe 20-30 times lower than the current one to gather detailed volume data.
  
• For each higher timeframe candle, it collects 20-30 bars of lower timeframe data for precise volume mapping.
  
• Each bar is divided into 100 volume bins to capture detailed volume distribution across the price range.
  
• Bins are filled based on the aggregated volume from the lower timeframe data.
  

Lookback Period:

• Allows traders to select how many bars to display with delta and volume information.
  
• The beginning of the selected lookback period is marked with a gray line and label for quick reference.
  
• Indicator displays up to 80 bars back
  

🔵Usage:

• Order Flow Analysis: Monitor buy/sell volume distribution to spot potential reversals or continuations.
  
• Liquidity Identification: Use POC levels to locate areas of strong market interest and potential support/resistance.
  
• Volume Imbalance Detection: Pay attention to percentage labels for quick recognition of buyer or seller dominance.
  
• Scalping & Intraday Trading: Ideal for traders seeking real-time insight into order flow and volume behavior.
  
• Historical Analysis: Adjust the lookback period to analyze past price action and volume activity.
  

Intrabar Volume Distribution [BigBeluga] is a powerful tool for traders aiming to gain deeper insight into market sentiment through detailed volume analysis, allowing for more informed trading decisions based on real-time order flow dynamics.

9. März

Versionshinweise

Updates:
- There is no need to turn off the color of the candle body
- Minimum usage timeframe 5 min.
- Fixed a timeframe error cal.

9. März

Versionshinweise

-thumbnail update