Custom Volume + Buyer & Price %

Title: Custom Volume + Buyer & Price %

Description:

This indicator helps you see who is controlling the market — buyers or sellers — using volume and price action. It works even if your chart is on a small timeframe (like 5-min or 15-min), by showing Daily, Weekly, and Monthly information from the higher timeframe volume charts.

Key Features & How It Works:

Buyer % (B%):

Measures where the closing price is within the high-low range of a candle.

Calculation:

\text{Buyer %} = \frac{\text{Close} - \text{Low}}{\text{High} - \text{Low}} \times 100

Interpretation:

> 50% → Buyers are stronger

< 50% → Sellers are stronger

50% → Balanced

Volume Coloring:

Volume bars are colored based on Buyer %, not price movement:

Green → Buyers dominate

Red → Sellers dominate

Yellow → Balanced day

Higher Timeframe Insight:

Displays Daily, Weekly, and Monthly volume & Buyer % even if your chart is on a smaller timeframe.

Lets you understand long-term buying or selling pressure while trading intraday.

21-Day Average:

Shows average Buyer % and average volume over the past 21 days for trend context.

Why It’s Useful:

Quickly visualize whether the market is buyer-driven or seller-driven.

Identify strong accumulation or distribution days.

Works on any chart timeframe while giving higher timeframe perspective.

Ideal for traders who want easy, visual insight into market sentiment.