OPEN-SOURCE SCRIPT
Updated Buy/Sell Volume Calculator
This script is calculating difference between buy and sell orders, realtime when the candle is build, using the accessible data.
Since we do not know how many stocks every single trade is executing, It only can use number of trades, showing how many trades resulting in price raising or lowering.
But it seems to be pretty god anyway.
The script is supposed to be a fine tuning when a trade is running, and early signals is needed.
When the green candle is larger than the red, price is supposed to rice, and the other way around when the red candle is larger the the green.
It calculate ONLY realtime. When starting the script there is no data, until candlesticks is builded.
Since we do not know how many stocks every single trade is executing, It only can use number of trades, showing how many trades resulting in price raising or lowering.
But it seems to be pretty god anyway.
The script is supposed to be a fine tuning when a trade is running, and early signals is needed.
When the green candle is larger than the red, price is supposed to rice, and the other way around when the red candle is larger the the green.
It calculate ONLY realtime. When starting the script there is no data, until candlesticks is builded.
Release Notes
Scale moved to zero, and not open price Release Notes
Code is optimized and percent calculation added after request Release Notes
Percentage added in this new version, and a weighted calculation, using same formula as WVAPRelease Notes
Version 1.1Release Notes
Percent added for the weighted calculationRelease Notes
Updated with a more informative and useful way of showing the candlesticks. 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.
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.
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.