OPEN-SOURCE SCRIPT
Buy/Sell Volume Surge Analyst [Multi-Format] by Yogesh Raoot
The Buy/Sell Volume Surge Analyst is a high-performance order flow tool designed to decode what is happening inside the volume bars. By analyzing intrabar price action, it partitions total volume into buying and selling pressure, allowing traders to see who is in control of the market.
Unique Features
Dynamic Volume Partitioning: Uses a sophisticated algorithm to attribute volume to buyers or sellers based on candle body size and wick placement.
Customizable Surge Detection: Instantly identifies "climax" volume or institutional activity when volume exceeds a user-defined multiple of the lookback average.
Global/Local Unit Scaling: Supports Indian Market units (Crores/Lakhs) and International units (Millions/Billions/Trillions), making it readable on any asset—from Penny Stocks to Crypto and Forex.
Heads-Up Dashboard: Includes a real-time table showing precise Buy/Sell figures and the current Volume-to-Average ratio.
How to Trade with this Script
Volume Climax: A yellow surge bar at the end of a long trend often indicates a reversal.
Absorption: If price is falling but the "Buy Volume" in the table is significantly higher than "Sell Volume," it indicates buyers are absorbing the sell orders at a support level.
Breakout Validation: Ensure a breakout is accompanied by a "Surge" (Yellow bar) to confirm it isn't a fake-out.
Disclaimer:
This script is for educational and informational purposes only. It does not constitute financial, investment, or trading advice. Past performance is not indicative of future results. The "Buy/Sell" volume split is an estimation based on price action and not a direct feed of exchange-level buyer/seller data. Trading involves significant risk of loss; always perform your own due diligence or consult a certified financial advisor before making any trading decisions. The author assumes no responsibility for any financial losses incurred from the use of this indicator.
Unique Features
Dynamic Volume Partitioning: Uses a sophisticated algorithm to attribute volume to buyers or sellers based on candle body size and wick placement.
Customizable Surge Detection: Instantly identifies "climax" volume or institutional activity when volume exceeds a user-defined multiple of the lookback average.
Global/Local Unit Scaling: Supports Indian Market units (Crores/Lakhs) and International units (Millions/Billions/Trillions), making it readable on any asset—from Penny Stocks to Crypto and Forex.
Heads-Up Dashboard: Includes a real-time table showing precise Buy/Sell figures and the current Volume-to-Average ratio.
How to Trade with this Script
Volume Climax: A yellow surge bar at the end of a long trend often indicates a reversal.
Absorption: If price is falling but the "Buy Volume" in the table is significantly higher than "Sell Volume," it indicates buyers are absorbing the sell orders at a support level.
Breakout Validation: Ensure a breakout is accompanied by a "Surge" (Yellow bar) to confirm it isn't a fake-out.
Disclaimer:
This script is for educational and informational purposes only. It does not constitute financial, investment, or trading advice. Past performance is not indicative of future results. The "Buy/Sell" volume split is an estimation based on price action and not a direct feed of exchange-level buyer/seller data. Trading involves significant risk of loss; always perform your own due diligence or consult a certified financial advisor before making any trading decisions. The author assumes no responsibility for any financial losses incurred from the use of this indicator.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.