Volume Balance Indicator Stealthy7

15 Jun 2017

Find out if Bulls (buys) or Bears (sells) are moving the price. This gives a clear view of activity, even if you are using a higher time period. The lookback is in minutes, I believe. This is a superior volume indicator. Bars are recolored to show the underlying activity per the look back (minutes).

15 Jun 2017

Catatan Rilis

In this version I fixed the average volume (grey background). If volume eclipses the grey area, its above average by 30 periods.

15 Jun 2017

Catatan Rilis

Automatic lookback.
Bar re-color option.
Wow! Really shows whats going on.

15 Jun 2017

Catatan Rilis

I got rid of the old way displayed. This is much more useful and looks totally different.
I added Standard deviation bands. Now you know if the volume is really on.
I used a hard coded lookback of 30 because its supposed to be significant (?)
Now you can really see a summary of the underlying minute to minute activity on higher bands.

27 Okt 2017

Catatan Rilis

I added a resolution dropdown box and a lookback period. I think this is closer to my original idea. You can view longer periods on a small timeframe. I think you can do vice versa like I originally intended. Not sure, but this is likely final update for this one. I realize now this is like an On Balance Volume indicator with some extras. I think this version is more useful.

27 Okt 2017

Catatan Rilis

Changed some unnecessary code and default settings.

5 Okt 2020

Catatan Rilis

Script depreciated. No support.