In_Finito_

MACD of Aggregated Buy/Sell Pressure - InFinito

Modified & Updated script from MARKET VOLUME by Ricardo M Arjona @XeL_Arjona that Includes Aggregated Volume

Aggregation code originally from Crypt0rus

***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually***
***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol***

- Calculated based on Aggregated Volume instead of by symbol volume . Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ).

- As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC . In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin.

Buy to Sell Convergence / Divergence by @XeL_Arjona:
"It's a simple adaptation of the popular "Price Percentage Oscillator" or MACD but taking Buying Pressure against Selling Pressure Averages, so given a Positive oscillator reading (>0) represents Bullish dominant Trend and a Negative reading (<0) a Bearish dominant Trend. Histogram is the diff between RAW Volume Pressures Convergence/Divergence minus Normalized ones (Signal) which helps as a confirmatory."

Things to look for:

- Divergences: This indicator can very useful to spot tops and bottoms through divergences

Donations:
BTC: 1FamjfoU9y9A7vjaTfa2hNzszcgdEHiTBh

USDT(BEP20): 0x565dbef74387863405a1779a173c9e07f34f7e48

USDT(TRC20): TEXPR7X4aP3r8T6GqT1ttsfZC3Q9YXkKc7

USDT(SOL): 2GdfJKzQZwrJocccDBu8TkenCqUfcbszmSS6HV58PQ5r
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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