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Supply and Demand Balance Indicator
Supply and Demand Balance Indicator
The Supply and Demand Balance Indicator measures market pressure by comparing the moving averages of buying volume and selling volume.
The indicator classifies each candle as either bullish or bearish:
・Bullish candle (Close > Open): Volume is counted as buying volume.
・Bearish candle (Close < Open): Volume is counted as selling volume.
A moving average is then calculated separately for buying and selling volume. The difference between these two averages is plotted as a column chart around the zero line.
Interpretation
・Green bars above zero: Buying pressure is dominant.
・Red bars below zero: Selling pressure is dominant.
・Increasing positive values: Demand is strengthening.
・Increasing negative values: Supply is strengthening.
This indicator can be used to:
・Identify shifts in market sentiment.
・Confirm trend direction.
・Detect potential trend reversals.
・Filter entries for trend-following strategies.
The indicator is intentionally simple and can be combined with moving averages, momentum indicators, or price action analysis.
How to Use
This indicator is designed to be used together with the Supply & Demand Volume Indicator.
Supply & Demand Volume Indicator
・Green line above the red line: Buying pressure is dominant.
・Red line above the green line: Selling pressure is dominant.
Supply/Demand Balance
Green bars above zero: Buying pressure is increasing.
Red bars below zero: Selling pressure is increasing.
Example Usage
Bullish Conditions
1.The Buying Volume MA (green line) is above the Selling Volume MA (red line).
2.The Supply/Demand Balance turns positive and prints green bars.
This combination may indicate strengthening demand and a potential upward trend.
Bearish Conditions
1.The Selling Volume MA (red line) is above the Buying Volume MA (green line).
2.The Supply/Demand Balance turns negative and prints red bars.
This combination may indicate increasing supply and a potential downward trend.
Notes
These indicators are intended to measure market participation and volume pressure. They work best when combined with trend-following tools, moving averages, or price action analysis.
The Supply and Demand Balance Indicator measures market pressure by comparing the moving averages of buying volume and selling volume.
The indicator classifies each candle as either bullish or bearish:
・Bullish candle (Close > Open): Volume is counted as buying volume.
・Bearish candle (Close < Open): Volume is counted as selling volume.
A moving average is then calculated separately for buying and selling volume. The difference between these two averages is plotted as a column chart around the zero line.
Interpretation
・Green bars above zero: Buying pressure is dominant.
・Red bars below zero: Selling pressure is dominant.
・Increasing positive values: Demand is strengthening.
・Increasing negative values: Supply is strengthening.
This indicator can be used to:
・Identify shifts in market sentiment.
・Confirm trend direction.
・Detect potential trend reversals.
・Filter entries for trend-following strategies.
The indicator is intentionally simple and can be combined with moving averages, momentum indicators, or price action analysis.
How to Use
This indicator is designed to be used together with the Supply & Demand Volume Indicator.
Supply & Demand Volume Indicator
・Green line above the red line: Buying pressure is dominant.
・Red line above the green line: Selling pressure is dominant.
Supply/Demand Balance
Green bars above zero: Buying pressure is increasing.
Red bars below zero: Selling pressure is increasing.
Example Usage
Bullish Conditions
1.The Buying Volume MA (green line) is above the Selling Volume MA (red line).
2.The Supply/Demand Balance turns positive and prints green bars.
This combination may indicate strengthening demand and a potential upward trend.
Bearish Conditions
1.The Selling Volume MA (red line) is above the Buying Volume MA (green line).
2.The Supply/Demand Balance turns negative and prints red bars.
This combination may indicate increasing supply and a potential downward trend.
Notes
These indicators are intended to measure market participation and volume pressure. They work best when combined with trend-following tools, moving averages, or price action analysis.
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
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。