OPEN-SOURCE SCRIPT
Net Buy Volume [theUltimator5]
This indicator tracks cumulative net buy volume using TradingView's footprint data tool.
Disclaimer: The volume footprint is a premium tool that is only available to premium subscribers or higher. If you don't have a premium plan, there is a possibility that you won't be able to use this indicator.
Three Display Modes:
- Volume: Cumulative net buy volume (buy volume - sell volume)
- Dollars: Cumulative net buy volume converted to dollar value
- Delta: Bar-by-bar difference between buy and sell volume
One recommended use case is to move the indicator on top of the chart to visualize real-time divergences between price and buy or sell volume. Price and volume divergence can indicate institutional moves that are hidden underneath the price action.
Customizable Price Calculation (for Dollar mode):
- Close price
- Open price
- (Open + Close) / 2
- (High + Low + Open + Close) / 4
- (High + Low) / 2
Visual Design:
- Volume mode: Aqua stepline showing cumulative net buying/selling
- Dollar mode: Neon pink stepline showing dollar-weighted net volume
- Delta mode: Green/red columns showing immediate buy/sell pressure
Values are automatically formatted as K (thousands), M (millions), or B (billions)
How to Use:
1. Select your preferred data type (Volume, Dollars, or Delta)
2. If using Dollar mode, choose how price should be calculated
3. Watch for trends in cumulative volume to identify sustained buying or selling pressure
4. Use Delta mode to see individual bar pressure in real-time
Disclaimer: The volume footprint is a premium tool that is only available to premium subscribers or higher. If you don't have a premium plan, there is a possibility that you won't be able to use this indicator.
Three Display Modes:
- Volume: Cumulative net buy volume (buy volume - sell volume)
- Dollars: Cumulative net buy volume converted to dollar value
- Delta: Bar-by-bar difference between buy and sell volume
One recommended use case is to move the indicator on top of the chart to visualize real-time divergences between price and buy or sell volume. Price and volume divergence can indicate institutional moves that are hidden underneath the price action.
Customizable Price Calculation (for Dollar mode):
- Close price
- Open price
- (Open + Close) / 2
- (High + Low + Open + Close) / 4
- (High + Low) / 2
Visual Design:
- Volume mode: Aqua stepline showing cumulative net buying/selling
- Dollar mode: Neon pink stepline showing dollar-weighted net volume
- Delta mode: Green/red columns showing immediate buy/sell pressure
Values are automatically formatted as K (thousands), M (millions), or B (billions)
How to Use:
1. Select your preferred data type (Volume, Dollars, or Delta)
2. If using Dollar mode, choose how price should be calculated
3. Watch for trends in cumulative volume to identify sustained buying or selling pressure
4. Use Delta mode to see individual bar pressure in real-time
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.