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INVITE-ONLY SCRIPT

Buy and Sell Pressure

5 203
This indicator is an interpolation of the demand index by James Sibbet. Thomas Aspray, an experienced trader, suggests using DI in three formats, one of those was to plot the buying pressure (BP) and selling pressure (SP) as separate lines; which is what this indicator was designed to do. The green line represents the buying pressure and red line represents the selling pressure. Advantages:

  • Divergences between BP or SP and price. A divergence between the BP or SP and prices suggests an approaching change in the price trend.
  • Crossovers can be interpreted as bullish/bearish
  • Known issues: illiquid crypto forex pairs or stocks with a very low price (i.e. 0.0000056) will cause the BP and SP to not work correctly, this can be mitigated by changing the quote currency, choosing an exchange with more volume, or changing the time-frame to a longer value.


The Buy and Sell Pressure indicator is available for purchase at https://www.cryptoalphaindicators.com/buy-and-sell-pressure/

Script sob convite

Somente usuários aprovados pelo autor podem acessar este script. Você precisará solicitar e obter permissão para usá-lo. Normalmente, essa permissão é concedida após o pagamento. Para obter mais detalhes, siga as instruções do autor abaixo ou entre em contato diretamente com CryptoAlpha_indicators.

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.
CryptoAlpha_indicators
buyingpressureprice-volumesellingTrend AnalysisVolume

Aviso legal

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
buyingpressureprice-volumesellingTrend AnalysisVolume

Script sob convite

Somente usuários aprovados pelo autor podem acessar este script. Você precisará solicitar e obter permissão para usá-lo. Normalmente, essa permissão é concedida após o pagamento. Para obter mais detalhes, siga as instruções do autor abaixo ou entre em contato diretamente com CryptoAlpha_indicators.

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.
CryptoAlpha_indicators

Aviso legal

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.