OPEN-SOURCE SCRIPT
buy and sell power
Based om mallory weis indicator of lazy bear with modification we can crate indicator tha give us the buy and sell power based on the volumes
Time to entry is when buy power rise and sell power fall. time to exit is just the other way around.
Sell power in red
buy power in green
Time to entry is when buy power rise and sell power fall. time to exit is just the other way around.
Sell power in red
buy power in green
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.