Bull-Bear Volume: Visualizing Buyer and Seller Volume Pressure
Summary
The indicator described here separates volume into buyer and seller components and displays their relative pressure with overlaid histograms. This presentation is intended to make buying and selling activity visible alongside price data, though the document does not explain how the two volume components are estimated or classified.
The text says the indicator originated in AmiBroker and was later converted to MQL5 by the author, who credits Nick Molchanoff for the original design. It supplies no calculation details, examples, market context, backtest, or evidence that the visualization predicts price changes. As a result, the description introduces the idea of comparing buyer and seller volume but is insufficient to reproduce the indicator or assess whether its signals are useful. Any interpretation would depend on the missing calculation rules and validation.
Key ideas
- The indicator divides volume into buyer and seller components.
- Overlaid histograms are used to visualize the resulting volume pressure.
- The MQL5 conversion is attributed to an author who credits Nick Molchanoff with the original design.
- The document does not specify the classification method, signal rules, or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.