Intrabar Volume Distribution [BigBeluga]

🔔 Before Use:
- Turn off the background color of your candles for clear visibility.
- Overlay the indicator on the top layout to ensure accurate alignment with the price chart.
🔵Key Features:
Inside Bar Volume Visualization:
- Each candlestick is divided into two columns:
Left column displays the sell % volume amount.
Right column displays the buy % volume amount.
- Provides a clear representation of buyer-seller activity within individual bars.
Percentage Volume Labels:
- Labels above each bar show the percentage share of sell and buy volume relative to the total (100%).
- Quickly assess market sentiment and volume imbalances.
Point of Control (POC) Levels:
- Orange dashed lines mark the POC inside each bar, indicating the price level with the highest traded volume.
- Helps identify key liquidity zones within individual candlesticks.
Multi-Timeframe Volume Analysis:
- The indicator automatically uses a timeframe 20-30 times lower than the current one to gather detailed volume data.
- For each higher timeframe candle, it collects 20-30 bars of lower timeframe data for precise volume mapping.
- Each bar is divided into 100 volume bins to capture detailed volume distribution across the price range.
- Bins are filled based on the aggregated volume from the lower timeframe data.
Lookback Period:
- Allows traders to select how many bars to display with delta and volume information.
- The beginning of the selected lookback period is marked with a gray line and label for quick reference.
- Indicator displays up to 80 bars back
🔵Usage:
- Order Flow Analysis: Monitor buy/sell volume distribution to spot potential reversals or continuations.
- Liquidity Identification: Use POC levels to locate areas of strong market interest and potential support/resistance.
- Volume Imbalance Detection: Pay attention to percentage labels for quick recognition of buyer or seller dominance.
- Scalping & Intraday Trading: Ideal for traders seeking real-time insight into order flow and volume behavior.
- Historical Analysis: Adjust the lookback period to analyze past price action and volume activity.
Intrabar Volume Distribution [BigBeluga] is a powerful tool for traders aiming to gain deeper insight into market sentiment through detailed volume analysis, allowing for more informed trading decisions based on real-time order flow dynamics.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.