OPEN-SOURCE SCRIPT
Supply & Demand Volume Indicator
Supply & Demand Volume Indicator
The Supply & Demand Volume Indicator is designed to measure buying and selling pressure using trading volume.
The indicator classifies volume from bullish candles as buying volume and volume from bearish candles as selling volume. It then calculates moving averages for both values, allowing traders to compare the relative strength of buyers and sellers over time.
When the Buying Volume Moving Average rises above the Selling Volume Moving Average, it suggests that demand is increasing and buyers are becoming more active.
Conversely, when the Selling Volume Moving Average exceeds the Buying Volume Moving Average, it suggests that supply is increasing and sellers are gaining control of the market.
The background color provides a quick visual representation of the current supply and demand balance:
• Green Background – Buying pressure dominates
• Red Background – Selling pressure dominates
Features
* Buying Volume Moving Average
* Selling Volume Moving Average
* Adjustable Moving Average Length
* Visual Supply & Demand Balance
* Non-Repainting Calculation
* Easy-to-Read Subwindow Display
Suggested Uses
* Trend confirmation
* Market participation analysis
* Volume flow monitoring
* Identifying shifts in buying and selling pressure
* Confirmation tool for trend-following and momentum strategies
Disclaimer
This indicator is intended as a market analysis tool and does not provide direct buy or sell signals. It is best used alongside other technical analysis methods and risk management techniques.
The Supply & Demand Volume Indicator is designed to measure buying and selling pressure using trading volume.
The indicator classifies volume from bullish candles as buying volume and volume from bearish candles as selling volume. It then calculates moving averages for both values, allowing traders to compare the relative strength of buyers and sellers over time.
When the Buying Volume Moving Average rises above the Selling Volume Moving Average, it suggests that demand is increasing and buyers are becoming more active.
Conversely, when the Selling Volume Moving Average exceeds the Buying Volume Moving Average, it suggests that supply is increasing and sellers are gaining control of the market.
The background color provides a quick visual representation of the current supply and demand balance:
• Green Background – Buying pressure dominates
• Red Background – Selling pressure dominates
Features
* Buying Volume Moving Average
* Selling Volume Moving Average
* Adjustable Moving Average Length
* Visual Supply & Demand Balance
* Non-Repainting Calculation
* Easy-to-Read Subwindow Display
Suggested Uses
* Trend confirmation
* Market participation analysis
* Volume flow monitoring
* Identifying shifts in buying and selling pressure
* Confirmation tool for trend-following and momentum strategies
Disclaimer
This indicator is intended as a market analysis tool and does not provide direct buy or sell signals. It is best used alongside other technical analysis methods and risk management techniques.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.