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TFT - Volume Pressure Candles

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This indicator colors candles on your chart to show when there's strong buying or selling pressure backed by volume.

It calculates an underlying "Volume Pressure" value by comparing buy/sell volume.

By default, when the pressure value rises above +25, it turns candles blue (suggesting strong buying). When it drops below -25, candles turn yellow (suggesting strong selling).

This indicator will help spot potential momentum shifts quickly and help you know if its a good trending market with directional volume pressuring the trend to continue.

You can change this value to any + or - you wish to adjust the volume pressure sensitivity.

This indicator should be used with additional indicators and not used as a stand alone indicator to determine buying or selling opportunities.

Penafian

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