divergence software, inc.
Development & Consulting Services
Product Detail
TradeFlow - Pressure
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
The TradeFlow-Pressure indicator provides a filtered view of either trade volume (i.e., total number of shares/contracts) or trades (i.e., total number of individual trades) using a rolling window based on bars. Specifically, the TradeFlow-Pressure indicator calculates the ratio of buy volume to sell volume (or trades if "Number of Trades" is selected) over the number of bars specified and plots this value in an indicator pane. Because of the rolling window feature (which reduces noise) this indicator is very useful for identifying divergences (i.e., price forms a higher-high while the TradeFlow-Pressure indicator forms a lower-high and vice-versa.
Specifications
- Product ID: TFL03
- Study only, no source code provided
- Requires eSignal 12.x or newer