BuySellVolume

Description

This indicator shows us the current buy or sell pressure based on the volume. For this, trades are classified as "buy" or "sell", whereby for the classification, a "buy" is assumed any time the transaction is executed at or above the ask. A transaction at or below the bid is considered a "sell".

Caution: This is a real-time indicator and will not work with historical data.

Similar conditions as with the BuySellPressure apply.

Usage

BuySellVolume BuySellVolume()
BuySellVolume BuySellVolume(IDataSeries inSeries)

Return value

double

When using this method with an index (e.g. BuySellVolume().BuyVolume[int barsAgo] ), the value of the indicator will be outputted for the referenced bar.

Parameter

inSeries Input data series for the indicator

Visualization

BuySellVolume

Example

//Output for the BuySellVolume
Print("The BuySellVolume is: " + BuySellVolume()[0]);