Oscillator PAIN (Price Action Indicator) displays the OHL3C candlestick price ratio over a specified period of time.
It has two parameters:
- Period - calculation period;
- Method - calculation method.
Calculation:
Pain = (3*MA(Close) - MA(Open) - MA(High) - MA(Low)) / 2
where:
- MA - moving average with the Period time period and the Method calculation method.
