OPEN-SOURCE SCRIPT
Updated Buy vs Sell Volume EMA + Signals (fix: bgcolor scope)
How to read it
Green EMA above Red EMA = sustained buying volume dominance.
Red EMA above Green EMA = sustained selling volume dominance.
Arrows mark shifts (crossovers).
Optional faint columns show the raw split of buy/sell volume if you enable “Show Raw Buy/Sell Volume Bars.”
Green EMA above Red EMA = sustained buying volume dominance.
Red EMA above Green EMA = sustained selling volume dominance.
Arrows mark shifts (crossovers).
Optional faint columns show the raw split of buy/sell volume if you enable “Show Raw Buy/Sell Volume Bars.”
Release Notes
Help to see trend of buys vs. sellers so you have more accurate judgement of breakout or breakdown at resistance or support.Release Notes
Keeps all of that core logic (separate buy/sell EMAs, crossovers, alerts).Adds a second layer: it pulls in a higher timeframe (e.g., 1h) version of the EMAs as your bias.
Lets you use your chart timeframe (LTF, like 5m/15m) for entry timing.
Adds surge detection (only trigger if lower-TF buy/sell volume is unusually strong).
Shades background with HTF bias, and plots arrows only when bias + trigger agree.
Includes alerts for those aligned conditions.
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.