No-Indicator Buyers vs Sellers Strategy

This simple strategy demonstrates how to work directly with raw market data without using any indicators. It looks for potential accumulation and distribution patterns:

Accumulation (BUY signal):

• The total volume of sells is higher than buys (possibly larger players selling)
• But the number of buy transactions is higher than sells (possibly more small buyers stepping in)
• This could indicate larger sells being absorbed by multiple smaller buyers, potentially preceding a price increase

Distribution (SELL signal):

• The total volume of buys is higher than sells (possibly larger players buying)
• But the number of sell transactions is higher than buys (possibly more small sellers stepping in)
• This could indicate larger buys being distributed to multiple smaller sellers, potentially preceding a price decrease

function onBar(data, indicators, positions, trades) {
  const rowCount = data.close.length;
  const signals = new Array(rowCount).fill("HOLD");
  
  for (let i = 0; i < rowCount; i++) {
    // Get volume and transaction counts
    const buyVol = data.buy_volume[i];
    const sellVol = data.sell_volume[i];
    const nBuys = data.number_of_buys[i];
    const nSells = data.number_of_sells[i];

    if (buyVol < sellVol && nBuys > nSells) {
      // Accumulation: high sell volume but more buy transactions
      // Might indicate larger sells being absorbed by multiple smaller buyers
      signals[i] = "BUY";
    } else if (buyVol > sellVol && nBuys < nSells) {
      // Distribution: high buy volume but more sell transactions
      // Might indicate larger buys being distributed to multiple smaller sellers
      signals[i] = "SELL";
    }
  }

  return signals;
}