Premium Bid/Ask Volume Split
Premium Bid/Ask Volume Split
The Bid/Ask Volume Split (Estimated) is a Pine Script v6 indicator for TradingView, designed to analyze bid and ask volume dynamics without requiring tick data. Displayed as an oscillator, it plots split bid/ask volume columns, rolling sum lines, and a pressure histogram (ask minus bid) to highlight buying and selling pressure. Custom divergence logic spots hidden momentum shifts. The indicator features gradient intensity coloring, divergence detection for bullish/bearish markers/labels, and a status table summarizing key metrics, making it commonly used for reviewing volume-driven insights.
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The TradingView Pine Script 6 scripts provided by TradingScript Solutions, LLC are for informational and educational purposes only and do not constitute financial advice. All scripts, indicators, and tools are provided "as is" without warranties of any kind, express or implied, including accuracy, reliability, or fitness for a particular purpose. Users assume full responsibility for their use of the scripts and any trading decisions made. TradingScript Solutions, LLC is not liable for any losses, damages, or risks arising from the use of our products. Trading involves significant risk, and users should consult a qualified financial advisor before making investment decisions.
Features
- Split Bid/Ask Volumes: Apportions volume into bid (red) and ask (green) with optional mirroring below zero.
- Rolling Sum Lines: Plots cumulative ask and bid sums with optional fill between lines.
- Pressure Histogram: Shows smoothed ask-minus-bid pressure to indicate market direction.
- Divergence Detection: Identifies bullish (lower lows, ask sum higher lows) and bearish ( higher highs, bid sum lower highs) divergences.
- Status Table: Summarizes ask/bid sums, intensity, trend, and pressure direction.
