DAMMU Buy vs Sell Liquidity + Difference

Indicator Name:

Buy vs Sell Liquidity + Difference

Purpose:

This indicator helps traders analyze market liquidity by comparing the cumulative buy and sell volumes within a specified timeframe. It shows which side (buyers or sellers) is dominating and the magnitude of the imbalance.

Key Features:

Aggregation Timeframe:

Users can select the timeframe (1, 2, 3, 5, 15, 30 minutes) for which volume is analyzed.

Buy & Sell Volume Calculation:

Buy Volume: Total volume of candles where close > open.

Sell Volume: Total volume of candles where close < open.

Daily Reset:

Totals reset at the start of each new day, ensuring intra-day liquidity analysis.

Difference Calculation:

Shows the absolute difference between buy and sell volumes.

Also calculates the difference as a percentage of total volume.

Percentages:

Displays buy %, sell %, and diff % to 4 decimal places, giving precise insights.

Table Display:

A two-row table in the top-right corner of the chart:

Row 1: Absolute totals for BUY, SELL, and DIFF (full numbers with commas).

Row 2: Percentages for BUY, SELL, and DIFF (4 decimals).

Uses color coding: Green for BUY, Red for SELL, Dynamic for DIFF (based on dominance).

How to Use:

High Buy Volume: Indicates strong buying pressure; bullish sentiment.

High Sell Volume: Indicates strong selling pressure; bearish sentiment.

Large DIFF %: Signals dominant market side; useful for short-term scalping or spotting liquidity imbalance.

Comparing BUY vs SELL %: Helps identify when the market may reverse or continue the trend.

If you want, I can also make a 1-paragraph “trader-friendly” explanation that you could directly include in your Pine Script as a comment or in a strategy guide.