CoinWise - Buy & Sell Volume

COINWISE BUY & SELL VOLUME
Measure real-time aggression between buyers and sellers across Spot and Perp markets.

🔹What Is It? Why Does It Matter?
The CoinWise Buy & Sell Volume indicator calculates and plots the real-time tug-of-war between buying and selling pressure. Instead of relying on traditional volume bars, this tool reveals the true nature of volume broken down into buying pressure and selling pressure on every candle.

Using a price-location algorithm, it estimates whether volume occurred closer to the ask (buy) or bid (sell). By displaying this with directional color-coded bars, traders can immediately see whether bulls or bears are in control.

Beyond that, it allows you to aggregate data from multiple exchanges, combine both Spot and Perp flows, or isolate them separately giving you unmatched clarity into real-time volume sentiment.

🔹Core Components
Buy Volume:
Measures volume that occurred near the top of the candle interpreted as buying pressure.
Sell Volume:
Measures volume that occurred near the bottom of the candle interpreted as selling pressure.
Data Aggregation Modes:
Select between:

• Current Only (uses current chart data)
• Aggregated SPOT
• Aggregated PERP
• Combined SPOT & PERP

Exchange Mapping (Crypto Only):
Pulls price and volume from multiple exchanges like Coinbase, Binance, Bybit, OKX, and more giving a complete cross-market view.
Directional Bar Output:
Colored histogram bars clearly separate buy and sell pressure making it easy to see which side is in control, bar by bar.

🔹Customization and Settings

• Data Type:
  Choose the source of volume: Aggregated SPOT, Aggregated PERP, both, or only current ticker.
  
• Exchange Inputs:
  Set which exchanges are included in the aggregation.
  
• Color Controls:
  Adjust the Buy and Sell bar colors independently.
  
• Status Line Display:
  Option to show the current volume data directly in the chart's status line.
  

🔹Practical Application
Buy & Sell Volume is ideal for identifying:

• Hidden strength or weakness within candles that appear neutral
  
• Absorption zones, where one side dominates volume but fails to move price
  
• Imbalance continuation or fade setups, confirmed by dominant sell or buy pressure
  
• Real-time aggression shifts, particularly at key support/resistance levels
  

Use it on any timeframe and layer with cluster, delta, or divergence tools for deeper execution filtering.