OPEN-SOURCE SCRIPT
DAMMU Buy vs Sell Liquidity + Difference
Indicator Name:
Buy vs Sell Liquidity + Difference
Purpose:
This indicator helps traders analyze market liquidity by comparing the cumulative buy and sell volumes within a specified timeframe. It shows which side (buyers or sellers) is dominating and the magnitude of the imbalance.
Key Features:
Aggregation Timeframe:
Users can select the timeframe (1, 2, 3, 5, 15, 30 minutes) for which volume is analyzed.
Buy & Sell Volume Calculation:
Buy Volume: Total volume of candles where close > open.
Sell Volume: Total volume of candles where close < open.
Daily Reset:
Totals reset at the start of each new day, ensuring intra-day liquidity analysis.
Difference Calculation:
Shows the absolute difference between buy and sell volumes.
Also calculates the difference as a percentage of total volume.
Percentages:
Displays buy %, sell %, and diff % to 4 decimal places, giving precise insights.
Table Display:
A two-row table in the top-right corner of the chart:
Row 1: Absolute totals for BUY, SELL, and DIFF (full numbers with commas).
Row 2: Percentages for BUY, SELL, and DIFF (4 decimals).
Uses color coding: Green for BUY, Red for SELL, Dynamic for DIFF (based on dominance).
How to Use:
High Buy Volume: Indicates strong buying pressure; bullish sentiment.
High Sell Volume: Indicates strong selling pressure; bearish sentiment.
Large DIFF %: Signals dominant market side; useful for short-term scalping or spotting liquidity imbalance.
Comparing BUY vs SELL %: Helps identify when the market may reverse or continue the trend.
If you want, I can also make a 1-paragraph “trader-friendly” explanation that you could directly include in your Pine Script as a comment or in a strategy guide.
Buy vs Sell Liquidity + Difference
Purpose:
This indicator helps traders analyze market liquidity by comparing the cumulative buy and sell volumes within a specified timeframe. It shows which side (buyers or sellers) is dominating and the magnitude of the imbalance.
Key Features:
Aggregation Timeframe:
Users can select the timeframe (1, 2, 3, 5, 15, 30 minutes) for which volume is analyzed.
Buy & Sell Volume Calculation:
Buy Volume: Total volume of candles where close > open.
Sell Volume: Total volume of candles where close < open.
Daily Reset:
Totals reset at the start of each new day, ensuring intra-day liquidity analysis.
Difference Calculation:
Shows the absolute difference between buy and sell volumes.
Also calculates the difference as a percentage of total volume.
Percentages:
Displays buy %, sell %, and diff % to 4 decimal places, giving precise insights.
Table Display:
A two-row table in the top-right corner of the chart:
Row 1: Absolute totals for BUY, SELL, and DIFF (full numbers with commas).
Row 2: Percentages for BUY, SELL, and DIFF (4 decimals).
Uses color coding: Green for BUY, Red for SELL, Dynamic for DIFF (based on dominance).
How to Use:
High Buy Volume: Indicates strong buying pressure; bullish sentiment.
High Sell Volume: Indicates strong selling pressure; bearish sentiment.
Large DIFF %: Signals dominant market side; useful for short-term scalping or spotting liquidity imbalance.
Comparing BUY vs SELL %: Helps identify when the market may reverse or continue the trend.
If you want, I can also make a 1-paragraph “trader-friendly” explanation that you could directly include in your Pine Script as a comment or in a strategy guide.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.