A volume-based indicator that splits candle volume between buying and selling pressures, revealing the internal strength of market participants within each price bar.
Explore complementary indicator rolesHow it works
The indicator calculates volume distribution by analyzing the relationship between a candle's close price and its high-low range. When the close is near the high, more volume is attributed to buying pressure, while a close near the low suggests selling dominance. This method provides a nuanced view of volume dynamics within each individual candlestick.
Additionally, the indicator can accumulate buying and selling volumes over a specified number of bars, creating two lines that track medium-term volume trends. Traders can adjust the look-back period to balance sensitivity and smoothness, allowing for more responsive or more stable volume analysis.
Why it may be useful
By quantifying the internal volume structure, this indicator offers insights into the ongoing battle between buyers and sellers. It reveals subtle shifts in market sentiment that might not be apparent from price movement alone, helping traders understand the underlying strength of trends and potential reversals.
The ability to track both single-candle and accumulated volume provides a multi-dimensional view of market participation. This helps traders gauge momentum, confirm trend strength, and make more informed decisions about potential entry and exit points based on volume dynamics.
When to explore it
This indicator is most effective in markets with clear volume patterns and during periods of potential trend transitions. It works well when traders want to confirm price movements with volume analysis, especially in liquid markets like major forex pairs, stock indices, and popular commodities.
Traders should be particularly attentive to this indicator during key market events, breakouts, or when price is approaching significant support and resistance levels. The accumulated volume lines can help validate trend continuations or suggest potential reversals by showing sustained buying or selling pressure.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
