BS by bigmm

BS by bigmm is a powerful tool designed to track and display cumulative trading volumes for bullish (green) and bearish (red) bars over a user-defined period. This indicator provides valuable insights into market sentiment by quantifying buying and selling pressure through volume analysis.

1. Adjustable lookback period from 20 to 10,000 bars
   
2. Default setting of 500 bars for balanced analysis
   
3. Real-time calculation updates on each new bar
   

• BUY Volume: Total volume of green bars (close > open)
  
• SELL Volume: Total volume of red bars (close < open)
  

Interpretation:

1. Higher BUY Volume: Indicates stronger buying pressure
   
2. Higher SELL Volume: Suggests stronger selling pressure
   
3. Balanced Volumes: Shows equilibrium between buyers and sellers
   

Ideal For:

• Swing traders analyzing medium-term trends
  
• Position traders evaluating long-term market sentiment
  
• Volume-based trading strategies
  
• Market structure analysis