It is a professional tool to analyze the volumes of negotiation differentiating
purchases in the market and sales.
The formula is obtained by subtracting the ASK – BID = Delta Bar and dividing it into two components resulting in a histogram:
– Green bar: positive “aggressiveness of buyers”, BID.
– Red Bar: negative “aggressiveness of sellers”, ASK.
/////////////////////////////////////////////////////////////////////// REM TAC Buy-Sell REM TAC Buy-Sell | indicator REM 03.07.2014 REM TAC @ www.tiburonesdealetacorta.com REM Sharing www.tiburonesdealetacorta.com //////////////////////////////////////////////////////////////////////// If subasta=1 then b=close > low and volume > high ce=close < high and volume > low if b or ce then vols=volume else vols=0 endif endif if subasta=0 then vols=volume endif VolSell=Vols+(high-low)/2 VolBuy=Vols-VolSell[1] return VolSell coloured (128,0,0) style(histogram) as "SELL VOLUME",VolBuy coloured (0,128,0) style(histogram) as "BUY VOLUME"