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The Long vs Short Fraction in Volume

The is the indicator showing the estimated fraction of long and short volumes, working on any symbol in any period.

Its execution algorithms and speed are optimized.


* The estimation method:

    - For historical bars without tick information, it measures the percentage of high and low compared with open and close in a proper way;

    - For present bars with tick information, it calculates the direction of every tick and adds up the fraction for long and short trades in volume;


* The indicator works for both volume and tick volume.


* The default color scheme:

    - The long fractions of either real volume or tick volume are shown in red & gold colors;

    - The short fractions of either real volume or tick volume in cyan & green colors;

    - The demonstrations of long versus short fraction are symmetric above and below the zero axis;


* If the user wants to customize the color scheme or else parameters please contact the author for the code.

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