This is a volume indicator that splits purchases and sales into 2 separate columns.
In addition, I added some POW factors to scale the volume to a more compact or expanded picture.
The SMA draws the red line indicating the volume of purchases and sales, also with POW factor customizable, so it is possible to scale it within the volume bars
what to do with this information: it is very easy to find rotation points when the selling volume and the buying volume are equal, this is where possible rotation phases occur
have fun
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overlay true -> overlay false
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Volume Compressor added to the script thx gorx1 for the math
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extension with "in candle delta" addition of a dev-cloud changed standard colors from color.rgb(000, 255, 255, 000) and color.rgb(255, 255, 000, 000) to color.rgb(000, 255, 000, 000) and color.rgb(255, 000, 000, 000)
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cleanup pass
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Vector-Candle coloring and Ui cleanup
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typo...
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Code cleanup and sorting the options into a more organiced way
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middleline color selectable and moved in the background behind all plots
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Lower timeframe added, Cleanup of inputs, New Presentation of singular volume
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.