Introduction
Price usually moves in lockstep with the volume trends i.e. price goes higher when there is buying and it goes down when there is selling in the market. But sometimes, the market behaves unusually i.e. Price and volume move in opposite directions. This indicator identifies precisely this divergent behavior in the market!
This script analyses the...
Today I propose a simple indicator to get an idea of market sentiment
Color distinctions are as follows
-White background = Bollinger Band Squeezed
-Purple columns = Total candle length wick to wick
-Lime columns = Green candle body length
-Red columns = Red candle body length
-Yellow columns = Wick to wick size higher than the previous candle by defined %, this...