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BuySellBar

Indicator of the colour display of the zones of buyers and sellers in the bar with a change of colour as the volume increases.

From bar maximum to bar closing - this is the sellers' zone.

From bar closing to bar minimum - this is the buyers area.

As the bar volume increases in comparison to the previous bar, the respective zones are coloured in a different colour.

Input parameters

  • volumes (tick or real)


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Adding Average True Range (ATR) channels to Force Index had been suggested by Kerry Lovvorn. Adding these channels turns Force Index into an excellent tool for identifying intermediate tops and bottoms. Force Index with ATR channels does not catch all turns, but the ones it identifies deserve very serious attention. Note: the word “true” in Average True Range refers to dealing with price gaps. Since there are no gaps in Force Index, here ATR is the same as the Average Range. Whenever the Force I
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