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 de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.