OPEN-SOURCE SCRIPT
Volume Biased Candles
Volume Biased Candles
This indicator visualizes the underlying volume polarity of price action by coloring candles based on directional volume bias over a rolling bucket of bars.
Instead of reading price alone, each candle reflects whether buying or selling pressure has dominated within its recent volume structure — giving a more intuitive picture of volume sentiment beneath price movement.
🔹 How it works
Bucket Size (n) → defines how many candles are aggregated to evaluate directional volume bias
For each bucket, total up-volume and down-volume are compared to determine overall market pressure
Volume Bias Score → a continuous ratio from -1 to +1, representing the relative dominance of buyers or sellers
Candles are colored according to the active bias — green for positive (buying), red for negative (selling)
🔹 Use cases
Visualize shifts in market control without needing divergence overlays
Combine with delta divergence or price structure tools to validate entries and exits
Simplify volume and price insights into an intuitive, single-chart visualization
✨ Volume Biased Candles transforms standard candles into a live sentiment gauge, revealing whether the dominant flow behind price movement is bullish or bearish.
This indicator visualizes the underlying volume polarity of price action by coloring candles based on directional volume bias over a rolling bucket of bars.
Instead of reading price alone, each candle reflects whether buying or selling pressure has dominated within its recent volume structure — giving a more intuitive picture of volume sentiment beneath price movement.
🔹 How it works
Bucket Size (n) → defines how many candles are aggregated to evaluate directional volume bias
For each bucket, total up-volume and down-volume are compared to determine overall market pressure
Volume Bias Score → a continuous ratio from -1 to +1, representing the relative dominance of buyers or sellers
Candles are colored according to the active bias — green for positive (buying), red for negative (selling)
🔹 Use cases
Visualize shifts in market control without needing divergence overlays
Combine with delta divergence or price structure tools to validate entries and exits
Simplify volume and price insights into an intuitive, single-chart visualization
✨ Volume Biased Candles transforms standard candles into a live sentiment gauge, revealing whether the dominant flow behind price movement is bullish or bearish.
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.
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.