Volume Buy/Sell Footprint with Strong Trendline
✅ Key features of the indicator
✔ Displays the Buy Volume and Sell Volume
✔ Highlights Volume Signal when the trading volume is unusually high
✔ Calculates and draws trendlines from Swing High / Swing Low
✔ Displays Demand and Supply Zones based on support-resistance from Pivot Points
✔ Adds EMA 9 and EMA 21 lines with color fill between the lines
✔ Adds Signal Box and Horizontal Box to indicate the trend direction
📌 1. Volume Footprint calculation
Buy Volume → If the candlestick closes positive (Close > Open)
Sell Volume → If the candlestick closes negative (Close < Open)
Volume Signal → If the trading volume is higher than 1.5 times the average of 20 bars
📌 2. Trendline calculation
Swing High → The highest point in the 5 bars before & after
Swing Low → The lowest point in the 5 bars before & After
Trend line is drawn automatically Ready to indicate the trend direction (green = uptrend, red = downtrend)
📌 3. Displaying Demand & Supply Zones
Demand Zone (support) → Use Swing Low as a reference point
Supply Zone (resistance) → Use Swing High as a reference point
Demand color = green / Supply color = red
The thickness of the support-resistance lines depends on
Volume Intensity
Price Movement Intensity
📌 4. Signal Box
Signal Box → Displays colors according to the volume (green = high volume, red = low volume)
Horizontal Box → Displays important trend areas
📌 5. EMA lines and fill colors between EMAs
EMA 9 and EMA 21
If EMA 9 cuts up, EMA 21 → Uptrend
If EMA 9 cuts down, EMA 21 → Downtrend
📊 6. How to use Indicators
✔ Use Demand/Supply Zones to find price reversal points
✔ Look at the EMA lines And Fill Color to analyze short-term trends
✔ Use Trendline and Signal Box to detect strong trends
✔ Highlight Volume Signal to detect unusually high trading ranges
✅ This indicator is suitable for traders who want to see trading volume, support and resistance levels, and market trends to help them decide to enter or exit orders! 🚀
This indicator works on
#crypto #forex #gold and all assets.
Script sob convite
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact ereranananan7 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Instruções do autor
Warning: please read our guide for invite-only scripts before requesting access.
Aviso legal
Script sob convite
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact ereranananan7 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Instruções do autor
Warning: please read our guide for invite-only scripts before requesting access.