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- //@version=3
- study("True Trend Strength",overlay=false)
- //
- bc = input(false,title="Enable Bar Color")
- len = input(15,title="Period")
- //
- buyPower1 = highest(high,len)
- buyPower2 = lowest(low,len)[len]
- x_15dayBuyPower = buyPower1-buyPower2
- sellPower1 = highest(high,len)[len]
- sellPower2 = lowest(low,len)
- x_15daySellPower = sellPower1 - sellPower2
- plot(x_15dayBuyPower,color=blue,title="Buyer Strength",transp=0,style=histogram,linewidth=3)
- plot(x_15daySellPower,color=red,title="Seller Strength",transp=0,style=histogram,linewidth=3)
- barcolor(not bc ? na: x_15dayBuyPower > x_15daySellPower ? green :red,title="barcolor")
- alertcondition(x_15dayBuyPower, title='Buyer Strength', message='Buyer Strength!')
- alertcondition(x_15daySellPower, title='Seller Strength', message='Seller Strength!')
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