OPEN-SOURCE SCRIPT

Bull vs Bear Volume on Price Chart

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This script overlays estimated bullish and bearish volume directly on the price chart, making it easy to spot buying vs. selling pressure without switching to a separate volume pane.

🔍 Features:
📈 Bullish volume markers appear as green triangles below the candle.

📉 Bearish volume markers appear as red triangles above the candle.

🔄 Optional smoothing to reduce noise using simple moving average (SMA).

⚠️ Volume spike highlights: Bullish spikes turn lime green, bearish spikes turn bright red.

🔢 Toggle labels to see estimated volume values above/below each candle.

🔄 Works on all timeframes, from intraday to weekly/monthly charts.

📐 Methodology:
Bullish and bearish volume are estimated using the candle's range:

More bullish volume when the close is near the high.

More bearish volume when the close is near the low.
This is a visual proxy, not true order flow data.

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