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Buy/Sell Pressure Color Bar

A real time only version of this indicator was posted on the Ninjatrader forums by Dave S. in February. Naturally I couldn't resist the temptation to make it work with the GomRecorder.

The bars are colored blue for positive deltas and red for negative deltas. The saturation is proportional to the ratio of delta to total volume. Lighter color bars have lower deltas, and white bars have deltas near zero.

The trades that are counted can be filtered by the Minimum and Maximum Trade Size settings.

It seems to work well on Renko charts, where you can see the balance of power shift at congested areas that become reversals.

Category The Elite Circle

Details: Buy/Sell Pressure Color Bar
Category: The Elite Circle

June 2nd, 2010
Size: 12.88 KB

Keywords: zondor buysellpressure

Comments/ratings

Turtrend October 31st, 2010 02:18 PM

No Comment

Default User November 2nd, 2010 06:32 PM

No Comment

Serger December 13th, 2010 09:58 AM

Exelent!!!!!!!!!!!!!!

Jonson June 20th, 2011 10:43 AM

thanks bro

Bobi January 16th, 2012 01:13 PM

Thank you.

sigmatrader April 18th, 2012 01:44 PM

Does the Trade Size filter work on this code? I've tried changing the Maximum Trade Size and Minimum Trade Size and see no difference in the color bars. I understand that the code is based on the delta_ratio of (buyvolume-sellvolume)/(buyvolume+sellvolume). I've formatted the dataseries with black up bars and black downbars and then applied theBuy/Sell color Bars indicator with the defaults of max size 1000 and min size 1. Then I tried increasing min size from 1 up to 1000 and did not see any changes in the color bar shading. I also tried leaving the min size at 1 and decreasing the max size from 1000 down to 1 and again no change in the color bar shading. Any ideas?

OpalDragon August 25th, 2014 11:48 AM

pretty awesome Zondor -- but I think we can make it better if we combine this with other studies or systems!

Great Work Zondor. <<< Wanted to edit my original comment because it could be misconstrued >>> These bars/modifications are freakin awesome..

jlmurcia December 29th, 2014 11:48 AM

Thanks for this visual indicator, particularly helpful to spot price reversals in support/resistance areas.

marcelo203 October 18th, 2018 11:53 AM

Thanks very good indicator.