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KryptoNight

Counters Ratio

KryptoNight  
Oscillators Centered Oscillators Volatility countersratio countersimbalance CVD volumedelta wyckoffarsenal wyckoffmethod volumestudy
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oscillator centeredoscillator volatility countersratio countersimbalance cvd volumedelta wyckoffarsenal wyckoffmethod volumestudy
Counters Ratio

This is an oscillator like indicator.

Bubbles are used to show the intensity with which buyers overtake sellers or vice-versa.
Bigger bubbles would indicate an oversold or overbought condition, when there is more imbalance between sell volume and buy volume.
They may appear sometimes on low volume - this may be a weak overbought or oversold indication.
The big bubbles that appear on significant volume could be used to find divergences with price.

Multiple instances of the indicator can be combined to get a bigger picture.

In the indicator's settings, a ratio limit can be set for the overbought or oversold condition.
Alerts for counters imbalance can be set to fire whenever the condition is satisfied.

Related tools:
• Volume Delta
• CVD
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Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact KryptoNight for more information, or follow the author's instructions below.

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