Volume Balance Indicator Stealthy7

Find out if Bulls (buys) or Bears (sells) are moving the price. This gives a clear view of activity, even if you are using a higher time period. The lookback is in minutes, I believe. This is a superior volume indicator. Bars are recolored to show the underlying activity per the look back (minutes).

リリースノート

In this version I fixed the average volume (grey background). If volume eclipses the grey area, its above average by 30 periods.

リリースノート

Automatic lookback.
Bar re-color option.
Wow! Really shows whats going on.

リリースノート

I got rid of the old way displayed. This is much more useful and looks totally different.
I added Standard deviation bands. Now you know if the volume is really on.
I used a hard coded lookback of 30 because its supposed to be significant (?)
Now you can really see a summary of the underlying minute to minute activity on higher bands.

リリースノート

I added a resolution dropdown box and a lookback period. I think this is closer to my original idea. You can view longer periods on a small timeframe. I think you can do vice versa like I originally intended. Not sure, but this is likely final update for this one. I realize now this is like an On Balance Volume indicator with some extras. I think this version is more useful.

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Changed some unnecessary code and default settings.

リリースノート

Script depreciated. No support.

オープンソーススクリプト

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

stealthy7

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