Still early phase. Looks at volume pressure over the course of a bar and compares to the last x bars to see if sell or buy pressure is greater. Visualized as an indicator and barcolor. Recommended length: 100
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Conceptual indicator based on trying to find an inverse correlation between bitcoin and traditional markets due to bitcoin's usefulness as a hedge against economic downturns. How to use this script: you look at it and see if there is a correlation or not between bitcoin/Ethereum price and either U.S. stock CVi, buy volume, sell volume, calls, puts, or the call/put ratio.