Superalgos - Strength Finder

Strength Finder

Summary: This indicator compares the price action and direction before applying volume weighting to calculate the strength of the buyers vs the strength of the sellers.

Strength finder Index on the Charts

The resulting output of this indicator shows the relative strength of the buyers vs the sellers. If a buyer's value is above 50%, then buyers currently have the higher strength.

Products & Properties

The following properties are available to access:

Product Name	Product Variable	Properties
Strength_Finder	StrengthFinder	buyVol, sellVol, buyPerc, sellPerc

The parameters for the indicator's calculations can be changed by locating and opening the under -> under "Strength Finder" .

Example:

This indicator can be used as a confirmation to a primary indicator. An example of a confirmation could be when the buy volume percent is above 50:

 chart.at30min.StrengthFinder.buyPerc > 50

Maintainer:

@quantum8 (github)

Volume Tools Data Mine — TOC

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1. Volume Tools by @quantum8

2. Heatmap Volume

3. Heatmap Candles

4. RVOL

5. Volume Oscillator

6. Trend Volume Accumulation

7. Highest Volume Index

7. OBV EMA

9. Faith Index

10. Strength Finder

11. Hawkeye

12. Volume Flow

13. Volume Trend Direction Force Index

Superalgos is an open-source project run and governed by a decentralized community of contributors. There is no legal entity behind the project. Our body of work lives on the Internet.