Volume Pressure

Breaks down volume into buyers (green part) vs sellers (red part).

It is recommended to set the volume's scale, especially if you switch tickers on the same chart. Follow these steps:

Select the Volume Pressure indicator's 3 dots (...)
Select Pin To Scale
Select a separate scale from the main chart, such as Pin To New Left Scale (Z)
Left click and hold the scale on the side of the chart and drag it up/down to bring the volume bars into the desired area

To update to the latest version, just close the indicator and add it again.

Release Notes

Additional info on the Volume Pressure bars:

On a green candle:

The red part represents the upper wick, the volume as the price comes back down from its high
The green part represents the rest of the candle, the volume as the price goes up from its low to the close

On a red candle:

The green part represents the lower wick, the volume as the price comes back up from its low
The red part represents the rest of the candle, the volume as the price goes down from its high to the close

Release Notes

Added scale property to force it to the left side; this should prevent it from using the chart's main price scale and filling the screen

Release Notes

Updated screenshot

Release Notes

Fixed problem with volume bars jumping around when switching between tickers. Added a hidden scale line that keeps them relatively consistent.

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.

David-Hamilton

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

David-Hamilton