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The obtaining quantity is calculated based upon the cost array of each candle. It represents the amount allocated to the bullish facet of the marketplace: When the shut is near the higher, the purchasing quantity is increased.
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Delta Volume: Plotted as blue histogram bars as well as a blue line, indicating the distinction between shopping for and selling strain.
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This script is designed that can help traders discover industry momentum by examining obtaining and selling volume. It calculates the cumulative shopping for and selling strain more here than 3 various lookback durations, delivering insights into whether or not the bulls or bears are dominating at any supplied time.
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