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MBDOM _ Smart Volume Dominance

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!!!!! MBDOM_Smart Volume Dominance Indicator !!!!!!
"MBDOM_Smart Volume Dominance", which helps identify buying or selling pressure based on volume and price action.
Key Features:
1. Volume Filtering:
o Only considers candles where volume is above a minimum threshold (relative to a 20-period SMA).
o Helps filter out low-volume, less significant candles.
2. Volume Pressure Calculation:
o Measures buying pressure as the portion of volume attributed to upward movement (based on close position within the candle range).
o Selling pressure is the remaining volume.
3. Smoothed & Lookback Analysis:
o Applies a 3-period EMA to smooth pressure values.
o Compares total buying vs. selling pressure over a user-defined lookback period (default: 5 bars).
4. Signal Conditions:
o Buy Signal:
 Total buying pressure exceeds selling pressure by a threshold (default: 1.5x).
 Buying pressure is increasing, and the candle closes bullish (close > open).
o Sell Signal:
 Total selling pressure exceeds buying pressure by the threshold.
 Selling pressure is increasing, and the candle closes bearish (close < open).
o Recommended Settings:
 - *Day Trading*: 3-5 lookback, 1.3-1.5 threshold
 - *Swing Trading*: 5-10 lookback, 1.5-2.0 threshold
 - Adjust min_volume based on market volatility

Feragatname

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