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Buy/Sell Volume Percentage [KB]

מאת ‎kb705‎
Overview:
The Buy/Sell Volume Percentage indicator provides a clear breakdown of the market sentiment by calculating the percentage of buy and sell volumes for each trading session or bar. It helps traders understand the strength of buyers versus sellers in the market by showing the distribution of volume for each side. This indicator also tracks the current bar volume in a straightforward table format.

Key Features:

Buy/Sell Volume Calculation:
  • The indicator distinguishes whether the current price movement is driven by buyers or sellers.
  • Buy Volume is registered when the close price is higher than the open price.
  • Sell Volume is registered when the close price is lower than the open price.


Percentage Representation:

  • The total volume of buy and sell trades is converted into percentages, offering a quick and visual indication of market sentiment.
  • The percentage values for both buy and sell volumes are displayed, making it easier to gauge market pressure.

Current Bar Volume:
In addition to buy/sell percentages, the indicator displays the volume of the current bar (or trading session), helping traders assess liquidity.
Table Display:

The indicator creates an easy-to-read table in the top-right corner of the chart that shows:
Day's Buying %: The percentage of total volume attributed to buy trades.
Day's Selling %: The percentage of total volume attributed to sell trades.
Current Bar Volume: The total volume for the current bar.

Graphical Representation:
  1. Buy and sell percentages are also plotted on the chart for a visual reference, allowing traders to track the shifting balance between buyers and sellers over time.
  2. How to Use:
  3. Use the Buy/Sell Volume Percentage indicator to monitor the balance of buying and selling activity.
  4. When the buy percentage is significantly higher than the sell percentage, it indicates bullish momentum in the market.
  5. Conversely, if the sell percentage dominates, it may suggest bearish sentiment.
  6. This indicator is especially useful for volume-based traders who rely on understanding market pressure and liquidity to time their trades.


Applications:
  • Volume Analysis: Helps traders understand whether volume is favoring buyers or sellers during specific time frames.
  • Trend Confirmation: The buy/sell volume percentages can provide insight into the strength of a current trend.
  • Market Sentiment: Quickly shows the level of participation by buyers versus sellers.
  • Liquidity Assessment: The current bar volume helps traders gauge how liquid a market is during a given time.
  • This indicator is best used in combination with other technical analysis tools to confirm price movements and market trends.
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