Volume Bias

Here’s an indicator that calculates the difference between the average distance we need to look back to find the up and down volume equal to the total volume of the last n bars. The further we need to look back to find the up or down volume, the more bearish or bullish its value is.
A not-yet published indicator from the PS-V5 blog!

Notas de prensa:

Updated the chart for better visibility.

Notas de prensa:

Updated the name.