OPEN-SOURCE SCRIPT
Accumulation Buy/Sell Pressure
Measures the Net Buy Dollars over the lookback period (default 30) . That is the VVOLUME on up ticks vs VVOLUME on down ticks. Uses trading view tick rule data so is not fully accurate, but directionally it should be good enough. Net Sell pressure is negative .Is noramlized by closing price to allow for comparison over time frames / between tickers.
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.