Volume Buy/Sell Footprint with Strong Trendline

🔹 Summary of Indicator: Volume Buy/Sell Footprint with Strong Trendline
✅ Key features of the indicator
✔ Analyze the buying volume (Buy Volume) and selling volume (Sell Volume)
✔ Calculate the average trading volume (Volume SMA) and detect Volume Signal
✔ Automatically display support/resistance trendlines (Swing High/Low Trendlines)
✔ Highlight zones with strong trends (Trend Strength)
📌 1. Calculating trading volume (Volume Footprint)
Buy Volume → When the candlestick closes positive (Close > Open)
Sell Volume → When the candlestick closes negative (Close < Open)
Volume Signal → If the trading volume is higher than 1.5 times the average of 20 bars
📌 2. Calculate Swing High / Swing Low points
Swing High → The highest point that occurs in the 5 bars before & after
Swing Low → The lowest point that occurs in the 5 bars before & after
📌 3. Display the trendline (Trendline) with color indicating the direction
Color Green → Uptrend (Slope Up)
Red → Downtrend (Slope is decreasing)
Gray → No change in trend
📌 4. Signal Box: Shows the market trend with a colored box
Blue → Abnormally high trading volume (High Volume)
Orange → Trading volume is lower than average (Low Volume)
Green → Normal trading volume (Normal Volume)
📌 5. EMA line and fill color between EMA
EMA 9 (Short EMA) and EMA 21 (Long EMA)
If EMA 9 cuts up, EMA 21 → Fill color Blue (Uptrend)
If EMA 9 cuts down, EMA 21 → Fill color Red (Downtrend)
📊 6. How to use Indicator
✔ Use EMA line and Fill Color to see the short-term trend
✔ Look at Swing High/Low and Green/Red Trendline to find the turning point
✔ Use Signal Box to detect the period of abnormal trading volume
✔ Use Trading Volume Label to track the market sentiment
✅ This indicator is suitable for traders who want to analyze trading volume together with the market trend. To find more accurate trading opportunities! 🚀

This indicator works on
#crypto #forex #gold and all assets.