This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI).
***HOW TO USE*** If the bar and background is colored green, there is more market buying than selling on that bar.
If the bar and background is colored red, there is more market selling than buying on that bar.
If the bar and background is colored blue, there is an equal amount of market buying and selling on that bar.
***BUY/SELL LABEL*** There is also a label on the right side that tells you whether there is more buying or selling on the current bar. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current buy/sell pressure without having to look at the volume bars so you can make faster decisions on whether to enter or exit a trade. The table changes colors in sync with the volume bars and background. Green means more market buying than selling. Red means more market selling than buying. Blue means an equal amount of market buying and selling.
***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES*** This volume profile indicator can be used on all timeframes.
***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, DMI, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Volume Profile. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Note di rilascio
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Added the ability to turn the bull/bear label on or off for better viewing on the mobile app or users that don't want the label.
@SemenovxX, I'm not sure, I didn't see a ticker for Finandy. Some tickers won't have volume or DMI, which would cause it to not show up correctly. The ticker has to have both of those types of data for it to work properly.
FriendOfTheTrend
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@SemenovxX, You can use Tradingview alerts to do automated trading with 3commas bot. They have signal providers as well. First DCA bot is free on their platform.
Alphamovil21
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Bien
forcedriven
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This Indicator uses only highs lows and inside bars to make the colors. A red bar if it doesn’t make a low but is inside the previous bar would show blue. A green bar that makes a low will show red. Not the best indicator for buyers and sellers.
FriendOfTheTrend
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@forcedriven, It uses DMI or directional movement index for the buy sell pressure calculations. For full details on how that is calculated, look up DMI specifications.