Aggressiveness for Bars Indicator – Analysis and Forecast – April 8, 2024
Imagine a buy and sell pressure monitor on a chart that displays this data bar by bar in real time. Imagine no more. We present you exclusive creations Minions Lab: aggression in the bar indicator. At every new bar on the chart, this indicator starts calculating buy/sell pressure in real time and displays this data statistics directly within the chart. The counter restarts as soon as a new bar is created on the chart. Simple and effective. Watch the video to see it in action in real time. The only recommendation is that the symbol being analyzed should be used (this is due to the characteristics of the market and not the indicator itself). LiquidOtherwise you will get false readings and whipsaws every time.
Settings for bar attacks
- Delta percentage (buy vs. sell) to start monitoring. The value depends on the trader, depending on the trader’s strategy, assets being traded, time zone, time of day, etc. There is no correct value. When the threshold is reached, the timer begins counting the number of seconds that have elapsed within the selected threshold.
- The time elapsed until monitoring is stopped (point at which purchase/purchase data stops aggregating).
- Force stop/restart calculation on every new bar?
- Type of volume to use for monitoring: physical or tick.
- Text style in real-time monitor: Color for buy/sell/idle/win side.
- Specify label positioning: X/Y offset, font type, and font size on the chart.
EA friendly
You can call this indicator using iCustom() following the parameter list in the last screenshot below. To read the value of an indicator, use the following buffer:
- #0 = Purchase volume data
- #1 = Sales volume data
- #2 = Delta between buy and sell (%)
- #3 = Is delta within user-defined threshold? (1=Yes / 0=No)
- #4 = Time elapsed (in seconds) within threshold
All buffers have ArraySetAsSeries() set to TRUE, so the “0” elements of the buffer are the data for the current/most recent bar.
