PROTECTED SOURCE SCRIPT

Bid/Ask Volume Cross

已更新

The Bid/Ask Volume Cross is a volume-based indicator that separates and visualizes buying and selling volume pressure through dual-line visualization:

Green Line (Ask Volume):
-Tracks volume when price closes above the open
-Represents buying pressure/demand
-Stronger when closes are bullish with high volume

Red Line (Bid Volume):
-Tracks volume when price closes at or below the open
-Represents selling pressure/supply
-Stronger when closes are bearish with high volume

Volume Intensity:
-Lines become more opaque when volume increases relative to:
-20-period moving average
-Previous bar's volume
-Opaque colors = stronger volume
-Translucent colors = weaker volume

Divergence Trading:
-Bullish Divergence:
-Price makes lower lows while Ask Volume makes higher lows
-Suggests potential reversal from downtrend
-Look for dark green intensity confirming buying pressure

Bearish Divergence:
-Price makes higher highs while Bid Volume makes lower highs
-Suggests potential reversal from uptrend
-Look for dark red intensity confirming selling pressure

Settings:
-Volume Sum Lookback (default 5): Bars to sum volume over
-Color Intensity (default 0.4): Controls color opacity sensitivity

版本注释

adjusted lookback logic

版本注释

option to turn on/off gradient intensity
added pressure logic