OPEN-SOURCE SCRIPT
James Sibbet Demand Index (Reference Implementation)
The James Sibbet Demand Index is a volume-based indicator that measures buying pressure and selling pressure.
This script offers two display modes:
• Demand Index Mode – shows the classic Demand Index and its signal line.
• Buying/Selling Pressure Mode – shows the underlying Buying Pressure (BP) and Selling Pressure (SP) components used to calculate the Demand Index.
The indicator combines price, volume and volatility to estimate whether demand or supply is dominating the market.
This open-source script is intended as a documented reference implementation of the James Sibbet Demand Index.
This script offers two display modes:
• Demand Index Mode – shows the classic Demand Index and its signal line.
• Buying/Selling Pressure Mode – shows the underlying Buying Pressure (BP) and Selling Pressure (SP) components used to calculate the Demand Index.
The indicator combines price, volume and volatility to estimate whether demand or supply is dominating the market.
This open-source script is intended as a documented reference implementation of the James Sibbet Demand Index.
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.
Once a trader, always a speculator!!
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.
Once a trader, always a speculator!!
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.