OPEN-SOURCE SCRIPT
Aggression Index
Aggression index is a simple yet very helpful indicator.
It measures:
- the number of bull vs bear candles;
- bull vs bear volume;
- length bull vs bear candlesticks over a predetermined lookback period.
It will use that information to come up with a delta for each measurement and an Aggression Index in the end.
It measures:
- the number of bull vs bear candles;
- bull vs bear volume;
- length bull vs bear candlesticks over a predetermined lookback period.
It will use that information to come up with a delta for each measurement and an Aggression Index in the end.
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.