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The "Buying Selling Ratio with Label" indicator calculates and displays the buying and selling ratio based on volume and price movements. Here's a description of its functionality:
The indicator calculates the buying and selling volumes using the formula:
Buying = Volume * ((Close - Low) / (High - Low))
Selling = Volume * ((High - Close) / (High - Low))
This calculation determines the volume distribution between buying and selling pressure within each bar.
The indicator then calculates the Buying Selling Ratio (BSR) as a percentage using the formula:
BSR = (Buying / (Buying + Selling)) * 100
The BSR value represents the proportion of buying volume relative to the total buying and selling volume.
The BSR is plotted on the chart as a line, with colors indicating different market conditions:
If the BSR is above the overbought level (defined as 90 in this example), the line is displayed in red.
If the BSR is below the oversold level (defined as 10 in this example), the line is displayed in green.
Otherwise, the line is displayed in blue.
Additionally, the indicator includes labels above each bar to show the buying and selling percentages for that specific bar. The labels display the text "Buy: X%, Sell: Y%", where X represents the percentage of buying volume and Y represents the percentage of selling volume for the given bar.
By enabling the "Show Past Labels" option, the indicator displays labels for previous bars. Otherwise, it only displays the label for the latest bar.
Overall, the indicator provides insights into buying and selling pressures and their relative strengths based on volume analysis.
The "Buying Selling Ratio with Label" indicator calculates and displays the buying and selling ratio based on volume and price movements. Here's a description of its functionality:
The indicator calculates the buying and selling volumes using the formula:
Buying = Volume * ((Close - Low) / (High - Low))
Selling = Volume * ((High - Close) / (High - Low))
This calculation determines the volume distribution between buying and selling pressure within each bar.
The indicator then calculates the Buying Selling Ratio (BSR) as a percentage using the formula:
BSR = (Buying / (Buying + Selling)) * 100
The BSR value represents the proportion of buying volume relative to the total buying and selling volume.
The BSR is plotted on the chart as a line, with colors indicating different market conditions:
If the BSR is above the overbought level (defined as 90 in this example), the line is displayed in red.
If the BSR is below the oversold level (defined as 10 in this example), the line is displayed in green.
Otherwise, the line is displayed in blue.
Additionally, the indicator includes labels above each bar to show the buying and selling percentages for that specific bar. The labels display the text "Buy: X%, Sell: Y%", where X represents the percentage of buying volume and Y represents the percentage of selling volume for the given bar.
By enabling the "Show Past Labels" option, the indicator displays labels for previous bars. Otherwise, it only displays the label for the latest bar.
Overall, the indicator provides insights into buying and selling pressures and their relative strengths based on volume analysis.
Nota Keluaran
//updateSkrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.