INVITE-ONLY SCRIPT
Updated Candle Pressure Visualization
Candle Pressure Visualization:
This TradingView indicator visualizes buying and selling pressure, highlighting extreme market sentiment through custom thresholds, color-coded candles, and histograms.
Features Overview
Custom Thresholds:
Allows you to set thresholds for buying and selling pressure (default: 70 and 90).
Buying & Selling Pressure:
Calculates pressure based on the relative position of the close price to the high and low prices of the candle.
Color-Coded Candles:
Enhances candle colors to highlight extreme pressures.
Histograms:
Displays buying and selling pressure as columns.
Extreme Pressure Markers:
Adds visual markers for areas of strong buying or selling.
his script visualizes buying and selling pressure on a TradingView chart, giving a unique perspective on market sentiment. Here's a breakdown of its functionality:
Features
Inputs for Customization
Users can set thresholds for buying and selling pressure (default: 70 and 90, respectively).
Buying and Selling Pressure Calculation
Buying pressure is calculated as the relative distance of the close price from the low.
Selling pressure is the relative distance of the close price from the high.
Handles edge cases like doji candles (where high equals low) by assigning a neutral value of 50%.
Color-Coded Candles
Bullish candles: Enhanced with a bright green (lime) if buying pressure exceeds the threshold.
Bearish candles: Enhanced with a dark red (maroon) if selling pressure exceeds the threshold.
Neutral candles: Gray for doji or balanced sentiment.
Pressure Histograms
Displays buying and selling pressure as column-style histograms with semi-transparent green and red colors.
Markers for Extreme Pressure
Labels highlight areas of extreme buying or selling pressure using small markers at the top or bottom of the chart.
Alerts
Alerts are triggered when buying or selling pressure crosses user-defined thresholds, providing actionable notifications.
Optional Total Pressure Plot
A combined plot of total pressure (buying + selling) is hidden by default for simplicity but can be enabled if needed.
Disclaimer: The information contained in my Scripts/Indicators/Ideas/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, back test, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Systems are only for educational purposes!
This TradingView indicator visualizes buying and selling pressure, highlighting extreme market sentiment through custom thresholds, color-coded candles, and histograms.
Features Overview
Custom Thresholds:
Allows you to set thresholds for buying and selling pressure (default: 70 and 90).
Buying & Selling Pressure:
Calculates pressure based on the relative position of the close price to the high and low prices of the candle.
Color-Coded Candles:
Enhances candle colors to highlight extreme pressures.
Histograms:
Displays buying and selling pressure as columns.
Extreme Pressure Markers:
Adds visual markers for areas of strong buying or selling.
his script visualizes buying and selling pressure on a TradingView chart, giving a unique perspective on market sentiment. Here's a breakdown of its functionality:
Features
Inputs for Customization
Users can set thresholds for buying and selling pressure (default: 70 and 90, respectively).
Buying and Selling Pressure Calculation
Buying pressure is calculated as the relative distance of the close price from the low.
Selling pressure is the relative distance of the close price from the high.
Handles edge cases like doji candles (where high equals low) by assigning a neutral value of 50%.
Color-Coded Candles
Bullish candles: Enhanced with a bright green (lime) if buying pressure exceeds the threshold.
Bearish candles: Enhanced with a dark red (maroon) if selling pressure exceeds the threshold.
Neutral candles: Gray for doji or balanced sentiment.
Pressure Histograms
Displays buying and selling pressure as column-style histograms with semi-transparent green and red colors.
Markers for Extreme Pressure
Labels highlight areas of extreme buying or selling pressure using small markers at the top or bottom of the chart.
Alerts
Alerts are triggered when buying or selling pressure crosses user-defined thresholds, providing actionable notifications.
Optional Total Pressure Plot
A combined plot of total pressure (buying + selling) is hidden by default for simplicity but can be enabled if needed.
Disclaimer: The information contained in my Scripts/Indicators/Ideas/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, back test, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Systems are only for educational purposes!
Release Notes
*** Minor update
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ask2maniish for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from author. E-mail:ask2maniish@gmal.com
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Warning: please read before requesting access.
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.