This ticks-based indicator provides real-time volume information for a trading asset. Volume is analyzed and updated continuously, not just at candle close. It is based on DGT's Bull vs Bear Power indicator but adds a gas signal that activates when buying or selling volume percentage reaches a predetermined threshold.
This indicator can also help traders determine the direction and aggressiveness of pushes in buying or selling volume. By monitoring the volume percentages and gas signals, traders can get an idea of whether the market is pushing in a particular direction and how strong the push is. This information can be helpful in making trading decisions and identifying potential entry or exit points.
The indicator uses open, high, low, and close prices of the asset to calculate volume information. It determines the average volume over a selected period and calculates volume for both buying and selling. This information is used to calculate the percentage of buying and selling volume. A gas signal is triggered when either the buying or selling percentage reaches a predetermined threshold.
Enjoy!
リリースノート
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Group calculation and drawing better (no algorithm change)
@farkasszilard, Thanks. Just after more detail on the histogram and table elements please. eg. what does 'bear up' and 'bear down' mean? Also the table info pop-up has for example 'volume high detect', but I don't know exactly what this represents (or the other 5 shown).
farkasszilard
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@Prize_Fighter, Bull up/down and Bear up/down mean shrinking growing histogram bars. The table presents buy pressure, sell pressure, current and average volume, and the signals that are triggered when buy sell passes a threshold. Hope this answers the question.