Buyer vs Seller Control

10 小時前

BUYER vs SELLER CONTROL INDICATOR

Identify market dominance and potential trend shifts with wick analysis

What This Indicator Measures:

This indicator analyzes who controls the market by measuring the battle between buyers and sellers on each candle:

• Buyer Control: How far the closing price is above the candle's low (bottom wick strength)
  
• Seller Control: How far the closing price is below the candle's high (top wick strength)
  

What's Plotted:

1. Lime Line: 20-period moving average of buyer control
   
2. Fuchsia Line: 20-period moving average of seller control
   
3. Dynamic Fill: Area between lines - color shows who's winning
   
4. Histogram: Shows the difference between buyer and seller control
   
5. Control Label: Text showing current market dominance
   
6. Info Table: Real-time values and control strength percentage
   

How to Read the Signals:

🟢 LIME FILL = BUYERS IN CONTROL
When the lime line is above fuchsia, buyers are dominating. The brighter the fill, the stronger their control.

🔴 FUCHSIA FILL = SELLERS IN CONTROL
When the fuchsia line is above lime, sellers are dominating. The brighter the fill, the stronger their control.

Trading Applications:

• Trend Confirmation: Strong buyer control confirms uptrends, strong seller control confirms downtrends
  
• Reversal Signals: Watch for control shifts - when lines cross, momentum may be changing
  
• Entry Timing: Enter long when buyer control strengthens, short when seller control strengthens
  
• Market Structure: Persistent control by one side suggests strong directional bias
  

Key Features:

• Works on any timeframe
  
• Customizable moving average period (default: 20)
  
• Optional info table display
  
• Dynamic transparency shows control strength
  
• Clean visual design for both dark and light themes
  

Pro Tip: Use this with your favorite trend or momentum indicators for confluence. Strong buyer/seller control often precedes significant price moves!

// Based on wick analysis and moving averages
// Green = Buyers dominating market
// Red = Sellers dominating market  
// Fill intensity = Control strength

6 小時前

發行說明

• Fix label cumulation bug
  

6 小時前

發行說明

• Support Volume Based Chart Display