OPEN-SOURCE SCRIPT

Volume Balance

The indicator colors the volume bars in two colors to display the Bullish and Bearish power.
There is two option of the indicator view. The first is the classic one. And the second is to show the Bullish and Bearish power separately.
Volume

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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