Estimating Buy and Sell Volume Pressure with Candle Geometry or Intrabars
Summary
This indicator estimates buying and selling volume on each host-timeframe bar and displays totals, moving averages, deltas, and segment summaries in a table. In its geometry mode, it allocates volume according to where the close falls within the candle’s high-low range: a close nearer the high implies a larger estimated buy share, while a flat candle is split evenly. Its alternate mode requests lower-timeframe up and down volume for a more granular estimate, when that data is available.
The table summarizes total, buy, sell, and net delta values, along with rolling averages and two portions of the selected lookback. The user can set the period, calculation mode, and lower timeframe, and the display tracks available bars in the intrabar mode.
These values are measures of estimated pressure rather than confirmed trade aggressor flow in geometry mode; candle position cannot reveal the sequence of trades within a bar. Intrabar readings depend on data coverage and platform support. The document describes an analytics display and supplies no trading rules or performance evidence.
Key ideas
- Geometry mode splits bar volume according to the close’s location within the high-low range.
- Flat candles are assigned equal estimated buy and sell volume in geometry mode.
- Intrabar mode requests lower-timeframe up and down volume when the platform provides suitable data.
- The HUD reports volume totals, net deltas, rolling averages, and lookback segment summaries.
- Geometry-based pressure is an approximation and does not establish actual trade direction within a bar.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.