Buy / Sell Volume + % (Classic + Pressure)

Buy / Sell Volume % (Classic + Pressure)

Overview

Buy / Sell Volume (Classic + Pressure) is a volume decomposition and dominance indicator designed to help traders understand how trading volume is distributed between buying and selling pressure on each candle.

Instead of treating volume as a single number, this indicator splits total volume into estimated Buy Volume and Sell Volume, visualizes them symmetrically, and summarizes dominance using a compact on-chart dashboard.

The indicator is intended as a context and confirmation tool, not a trade signal generator.

Core Concepts

1. Buy / Sell Volume Decomposition

The indicator estimates buying and selling activity based on the position of the close within the candle’s high–low range:

Closes near the high → more buying pressure

Closes near the low → more selling pressure

Middle closes → balanced activity

This provides a clear visual view of demand vs supply on every bar.

2. Dual Calculation Modes

🔹 Classic Mode (Default)

Uses pure candle-range logic

Buy Volume + Sell Volume = Total Volume (exact conservation)

No smoothing or directional bias

Values closely match traditional volume behavior

Best for:

Structural analysis

Accumulation / distribution studies

Comparing against raw volume

🔹 Pressure Mode

Introduces a directional bias:

Bullish candles slightly favor buy volume

Bearish candles slightly favor sell volume

Optional EMA smoothing reduces noise

Still volume-conserving (Buy + Sell = Total Volume)

Best for:

Identifying dominance

Trend continuation confirmation

Absorption vs initiative activity

Visual Elements

Volume Bars

Buy Volume plotted above zero

Sell Volume plotted below zero

Optional Total Volume Envelope for context

Color by Dominance

Bright colors when one side dominates

Faded colors when dominance is weak

Helps instantly identify:

Accumulation

Distribution

Absorption

Dashboard (Optional)

A compact dashboard displays:

Buy %

Sell %

Dominance State

BUY DOM

SELL DOM

BALANCED

The dashboard can be toggled ON/OFF and switched between Normal and Compact size to suit multi-pane layouts.

How to Use This Indicator

This indicator works best as a confirmation layer, not a standalone system.

Common Use Cases

Confirming breakouts or breakdowns

Spotting accumulation or distribution near key levels

Identifying absorption during consolidations

Filtering false price moves

Examples

Price rising + strong Buy % → constructive demand

Price rising + strong Sell % → possible distribution

Flat price + balanced volume → absorption / compression

What This Indicator Is NOT

❌ Not true order-flow or bid/ask data

❌ Not a buy/sell signal generator

❌ Not predictive on its own

All calculations are candle-based estimations, designed for context and insight, not execution timing.

Best Use

Works on all timeframes

Most reliable on liquid instruments

Especially useful when combined with:

Support / resistance

Trend structure

Market regime or breadth indicators

Summary

Buy / Sell Volume (Classic + Pressure) helps traders go beyond raw volume by visualizing who is in control of each candle, how strong that control is, and whether volume behavior supports price action.

Used correctly, it can significantly improve trade selectivity, confidence, and risk awareness.

Release Note

📊 Buy / Sell Volume (Classic + Pressure)

Buy / Sell Volume (Classic + Pressure) is a volume-analysis indicator that estimates buying vs selling participation inside each candle, helping traders understand who is in control — buyers, sellers, or neither.

Unlike raw volume, this tool decomposes volume into Buy Volume and Sell Volume using price location and candle behavior, then visualizes dominance, strength, and participation quality.

🚨 IMPORTANT SETTINGS NOTE (Please Read)

For the cleanest and intended visual experience, please do the following after adding the indicator:

Turn OFF
➜ “Show Total Volume Envelope”

Turn OFF
➜ “Labels on Price Scale”

These settings do not affect calculations, only chart clarity.

🔍 How it works

The indicator splits each bar’s total volume into two components:

1️⃣ Classic Mode (Neutral)

Volume is distributed based on where price closes within the candle range

Close near high → more buy volume

Close near low → more sell volume

Fully volume-conserving and unbiased

Best suited for:

Range-bound markets

Mean-reversion strategies

Broad participation analysis

2️⃣ Pressure Mode (Directional)

Adds a directional bias:

Bull candles slightly favor buy volume

Bear candles slightly favor sell volume

Buy/Sell volumes are EMA-smoothed to reduce noise

Best suited for:

Trending markets

Breakouts and continuations

Momentum confirmation

📈 Visual Elements

Buy & Sell Volume Histograms

Buy Volume plotted above zero

Sell Volume plotted below zero

Zero line clearly separates control

Delta-Based Coloring

Dominant side appears brighter

Non-dominant side is visually muted

This allows quick identification of:

Strong accumulation

Active distribution

Weak or mixed participation

📊 Volume Strength, Labels & Tooltips

Current volume is compared against a moving average of volume

When volume exceeds 150% of its average, a visible +% label appears inside the dominant bar

These labels are intentionally rare and highlight only meaningful participation

Hovering over the label or bar reveals a tooltip showing:

Actual traded volume

Average volume

Buy %

Sell %

Current dominance state

This design keeps the chart clean while still providing deep context on demand.

🧭 Dashboard

A compact dashboard displays:

Buy %

Sell %

Current dominance state (BUY / SELL / BALANCED)

Designed for quick reads without cluttering the chart.

🧠 How to use it

Confirm breakouts → Rising buy volume with BUY dominance

Spot weak rallies → Price up but sell volume still dominant

Identify exhaustion → Large volume expansion followed by shrinking dominance

Combine with structure → Best used alongside price action, VWAP, or trend tools

⚠️ Important notes

This is not true bid/ask or tick-level order flow

It is a price-position-weighted volume approximation

Accuracy is lower on:

Illiquid instruments

Large gap candles

Intended as a confirmation tool, not a standalone signal

✅ Key features

Buy / Sell volume decomposition

Classic & Pressure calculation modes

Delta-based visual dominance

Above-average volume highlighting with hover tooltips

Clean, non-repainting logic

Works on all timeframes and markets

Release Note

Made visual updates only :

1. Replaced Buy Dom/Sell Dom on dashboard with Vol and Ave Vol.

2. Introduced "Soft Clipping" on spike/outlier/high-vol bars so that one bar does not shrink the rest of the layout due to scaling. Hovering over high vol bars shows "Clipped" when it has occurred, along with other previous info.

3. Fixed Normal and Compact dashboard sizes.

*As mentioned earlier, disable "Labels on Price Scale" in settings.

Release Note

This script has been enhanced to work correctly from Day-1 for newly listed (IPO) stocks, without altering its behavior on mature symbols.

Previously, certain calculations (such as average volume, volume clipping, and smoothing) required 30–50 historical bars. Newly listed stocks do not have sufficient history, which caused:
-Missing dashboard values
-No above-average volume labels
-Incomplete or inactive visuals during the first few weeks

The script now uses progressive, history-aware calculations during the early life of a stock:

Average Volume
Gradually builds using available bars
Automatically converges to the full lookback once enough data exists

Above-Average Volume Detection
Early phase: compares volume against the highest volume seen so far
Mature phase: reverts to the original “1.5× average volume” rule

Volume Clipping (Visual Scaling Only)
Uses highest observed volume when history is limited
Transitions back to the original SMA-based clipping once sufficient data exists

Pressure Mode Smoothing
EMA smoothing is deferred until enough bars are available
Prevents distorted early readings

What has NOT changed :
All visuals, colors, dashboard layout, and sizing
Label behavior and user inputs
Logic and output for non-IPO / mature stocks
Overall interpretation of buy/sell pressure

➡ After approximately 30–50 bars post listing of the stock, the script behaves identically to previous versions. So, this enhancement was only to provide accurate info in the early days of a listed stock.

Release Note

Changed script for corner-case scenarios whereby absurd volumes on a particular day (esp for illiquid stocks) used to not clip properly, and thus made other histograms visually much smaller in comparison.
Changed the logic to fix that.

Release Note

Visual only : Added a Large size for the dashboard. Now sizes are compact, normal and large.

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