OPEN-SOURCE SCRIPT
Luma Signals - Demand Index
Luma Signals - Demand Index
The Luma Signals Demand Index measures the buying and selling pressure in the market by analyzing price movements and volume dynamics. It utilizes real-time market data to identify potential trends and reversals at an early stage.
Key Features:
✔ Identifies Market Phases – Detects demand imbalances caused by buying or selling pressure
✔ Smoothed Line for Better Analysis – Includes a smoothed line for improved trend confirmation
✔ Zero-Line as a Reference – Helps interpret trend shifts effectively
✔ Live Market Data – Based on real-time price and volume changes
👉 Designed for precise order flow analysis and better trading decisions.
The Luma Signals Demand Index measures the buying and selling pressure in the market by analyzing price movements and volume dynamics. It utilizes real-time market data to identify potential trends and reversals at an early stage.
Key Features:
✔ Identifies Market Phases – Detects demand imbalances caused by buying or selling pressure
✔ Smoothed Line for Better Analysis – Includes a smoothed line for improved trend confirmation
✔ Zero-Line as a Reference – Helps interpret trend shifts effectively
✔ Live Market Data – Based on real-time price and volume changes
👉 Designed for precise order flow analysis and better trading decisions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.