Buyer-seller strength
This is my first attempt to convert my price action trading principles into pine script.
As price action trader, we attempt the see the hidden strength of buyer in sellers candle and vice versa. I use simple calculation of candle wick to body -proportion to assess the strength. This script identifies the proportion of buyers and sellers in any given candle in form of %. Sellers are given in positive % and buyers are given as negative %. By moving the cursor to the interested candle the values can be seen.
While this will not be useful for decision as sole trading system, I use it as adjunct, whenever I analyze the data.
Happy trading
As price action trader, we attempt the see the hidden strength of buyer in sellers candle and vice versa. I use simple calculation of candle wick to body -proportion to assess the strength. This script identifies the proportion of buyers and sellers in any given candle in form of %. Sellers are given in positive % and buyers are given as negative %. By moving the cursor to the interested candle the values can be seen.
While this will not be useful for decision as sole trading system, I use it as adjunct, whenever I analyze the data.
Happy trading
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。