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Searching for entries matching buysellpressure, looking in keywords for any words
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Volume Up-DownTicks per minute standarized

This is an indicator I've developed myself to get a better view of the UpTicks (ticks with a price higher than the preceding tick) and DownTicks (ticks with a price lower than the preceding tick).

Some features from this indicator:

It plots the UpTicks minus DownTicks to get an idea of the buying pressure;
This is divided by the time it took to form a bar, so that on tick and point charts you'll get an truer picture of the volume;
This buying pressure per minute is divided by the standard deviation, which helps to identify little shifts in buying pressure that would normally get lost. (This also means that any buying pressure below or above a certain number of standard deviations can be seen as significant volume).

Especially these extreme values (which are signalled in yellow) are of importance to the trader. As an interpretation tip: also look at the price action of the bar after the extreme buying or selling pressure to get an idea of where the price might go to. So, combine it with regular price action and look at the trend in the histogram.

Category MultiCharts

Details: Volume Up-DownTicks per minute standarized
Category: MultiCharts

February 8th, 2012
Size: 9.09 KB
Downloaded: 718 times

Keywords: buysellpressure priceaction volume

Buy/Sell Pressure Color Bar

A real time only version of this indicator was posted on the Ninjatrader forums by Dave S. in February. Naturally I couldn't resist the temptation to make it work with the GomRecorder.

The bars are colored blue for positive deltas and red for negative deltas. The saturation is proportional to the ratio of delta to total volume. Lighter color bars have lower deltas, and white bars have deltas near zero.

The trades that are counted can be filtered by the Minimum and Maximum Trade Size settings.

It seems to work well on Renko charts, where you can see the balance of power shift at congested areas that become reversals.

Category The Elite Circle

Details: Buy/Sell Pressure Color Bar
Category: The Elite Circle

June 2nd, 2010
Size: 12.88 KB
Downloaded: 1497 times

Keywords: zondor buysellpressure