Volume Profile With Buy & Sell Pressure Label
This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI).
How To Use
If the bar and background is colored green, there is more market buying than selling on that bar.
If the bar and background is colored red, there is more market selling than buying on that bar.
If the bar and background is colored blue, there is an equal amount of market buying and selling on that bar.
Buy & Sell Label
There is also a label on the right side that tells you whether there is more buying or selling on the current bar. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current buy/sell pressure without having to look at the volume bars so you can make faster decisions on whether to enter or exit a trade. The table changes colors in sync with the volume bars and background. Green means more market buying than selling. Red means more market selling than buying. Blue means an equal amount of market buying and selling.
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
This volume profile indicator can be used on all timeframes.
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Buy Sell Indicator, Buy Sell Signal Scanner, Volume Based Auto Support & Resistance, Volume Spike Signals and Volume Weighted Reversal Bands or any combination of those with this Volume Profile. They all have real time bullish and bearish labels as well so you can immediately understand each indicator’s trend.
May 11, 2022: Added the ability to turn the bull/bear label on or off for better viewing on the mobile app or users that don’t want the label.