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This indicator is an original view on volumes. It is known that volumes show the amount of buyers and sellers for a certain period of time. A candle is used a period of time.
- Volumes at a candle High show the buyers.
- Volumes at a candle Low show the sellers.
- A candle Open shows the Delta.
Delta indicates who was dominant on a given candle, buyers or sellers.
Input parameters
- Distance – distance of the volumes text from High and Low.
- Font size – text font size.
The indicator provides levels that can be used for trading breakouts or rebounds.
* The indicator is drawn only on upcoming candles, as the Ask and Bid price data are not available from history.
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