Buying Volume vs Selling Volume

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  • #197197

    Hello,

    has anyone managed to work out a code formula that can separate buying volume and selling volume by assessing open, high, low and close of each candle?

    For example: if candle is green then logic perhaps says there was more buying volume than selling volume because more contracts exchanged hands at Ask price. The question is: what % of the total volume was buying volume. Conversely,  if candle is red then logic perhaps says there was more selling volume than buying volume because more contracts exchanged hands at Bid price. The question is: what % of the total volume was selling volume.

    Looking at open, high, low and close and distances of high and low from open and close, I am sure there must be a way to then work out buying vs selling volume.

    Regards,

    #197207

    I have found this info, which may be of help to separate the volume according to the Buyers and Sellers:

    set the two returned values as HISTOGRAMS, using different colours (usually Green and Red).

    1 user thanked author for this post.
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