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Buying vs Selling Pressure
**Buying vs Selling Pressure**
This indicator measures and visualizes intrabar buying and selling pressure using a normalized ATR-based formula. It helps identify which side—buyers or sellers—is currently in control.
🔍 How it works:
Buying Pressure: Calculated from the distance between the close and low, adjusted by ATR.
Selling Pressure: Calculated from the distance between the high and close, also adjusted by ATR.
Histogram bars change color based on which side is stronger:
🟢 Green = Buying pressure dominant
🔴 Red = Selling pressure dominant
🔵 Blue = Potential transition or imbalance
Includes a zero line for easy reference.
This script is useful for spotting intraday momentum shifts and understanding market behavior beyond just candlestick patterns.
This indicator measures and visualizes intrabar buying and selling pressure using a normalized ATR-based formula. It helps identify which side—buyers or sellers—is currently in control.
🔍 How it works:
Buying Pressure: Calculated from the distance between the close and low, adjusted by ATR.
Selling Pressure: Calculated from the distance between the high and close, also adjusted by ATR.
Histogram bars change color based on which side is stronger:
🟢 Green = Buying pressure dominant
🔴 Red = Selling pressure dominant
🔵 Blue = Potential transition or imbalance
Includes a zero line for easy reference.
This script is useful for spotting intraday momentum shifts and understanding market behavior beyond just candlestick patterns.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.