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SATHYANR
May 17, 2021 3:23 AM

Buyer-seller strength 

Nifty 50 IndexNSE

Description

This is my first attempt to convert my price action trading principles into pine script.
As price action trader, we attempt the see the hidden strength of buyer in sellers candle and vice versa. I use simple calculation of candle wick to body -proportion to assess the strength. This script identifies the proportion of buyers and sellers in any given candle in form of %. Sellers are given in positive % and buyers are given as negative %. By moving the cursor to the interested candle the values can be seen.
While this will not be useful for decision as sole trading system, I use it as adjunct, whenever I analyze the data.
Happy trading
Comments
john4francais
Sathyanarayanan? send me your number bro i have few queries
talleva
Hello ! Thank you for this. Can you please explain how to read the data?
FlammaTheKing
make a video on this indicator, help me how to read buyer and seller data, tq u
divyeshmodi
Great work
SATHYANR
@divyeshmodi, Thanks
FXBombSquadron
Niiiice!
SATHYANR
@FXBombSquadron, Th..........x
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