Buying and Selling Smoothed with Histogram — Indicator by ceyhun

oscillator centeredoscillator breadthstudies buying selling smoothed histogram buyingandselling smoothedwithhistogram buyandsell buyingselling

Buying and Selling Smoothed with Histogram

Smoothed version with version with a red line representing the selling pressure and a green line which represents the Buying pressure.
If the green line is above the red line it would mean that the Buying pressure is more and vice versa.
The difference between the two is plotted as a Histogram. This is a cumulative value of the buying and selling pressure and provides a easy visual presentation of the dominating pressure.

Release Notes:

fix

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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