Realtime Volume Bars w Market Buy/Sell/Neutral split & Mkt Delta

Aug 15, 2021

What is it?

A tool that shows Real-time Volume bars split into 3 components: (1) Market Buy Volume - i.e., the volume that got transacted on upticks; (2) Market Sell Volume - i.e., the volume that got transacted on downticks;
and, (3) Neutral Volume - i.e., the volume that got transacted without a change in price. (This feature can be turned off if you want normal volume bars).

Market delta (i.e., Market Buy Volume - Market Sell Volume) is also displayed above each volume bar. (On by default; can be switched off from Settings)

The split and Market Delta data are ONLY AVAILABLE FOR REAL-TIME BARS. Historical bars are shown just like regular ones. The dotted line marks the start of real-time data (i.e., the bar from which the indicator started collecting and displaying data). You will see accurate data for bars to the right of this line. The longer you keep a chart open with the study enabled, the more data it collects and displays, and the better your analysis can potentially be.

Note that the data gets reset every time any of the options is changed, the market is switched, the browser is refreshed, or the script is reloaded
DATA ISN'T STORED. I.e., every time a new symbol is loaded, the previous symbol's data is lost. So if you intend to monitor a symbol, you would need to keep it loaded all the time.

Who is it for?

For traders who are used to analyzing buy/sell activity using market buy/sell volume and market delta information
Although you can use this independently as well, use it in conjunction with "Market Delta Volume for Realtime Bars" indicator to get a better visual representation of the numbers.

Aug 23, 2021

Release Notes

• Now has 2 modes (1) Up/Down/Neutral (same as the previous version), & (2) Up/Down. In Up/Down mode, volume is split only into either Up Volume or Down Volume. Neutral Volume is categorized as either of Up or Down depending on what the last price movement direction was.
  
• Added an MA option for volume. Disabled by default. Enable it from settings.
  
• The colors of the delta volume text above bars can now be changed
  
• The numbers can be scaled down by a factor (10, 100, etc.) for better readability if they get too lengthy/messy on screen.
  

Aug 23, 2021

Release Notes

Minor cosmetic changes.