Buying/Selling Pressure indicator displays the strength of buys and sells pressure.
There are five inputs:
- Period – calculation period
- Smoothing period
- Smoothing method
- Pressure filter – pressure types filter
- Both pressures – display both pressure types
- Buying pressure – display buys pressure
- Selling pressure – display sells pressure
- Prevailing pressure – display prevailing pressure
- Smoothing filter
- Both – display both types
- Only unsmoothed – display only unsmoothed
- Only smoothed – display only smoothed
Buys pressure:
BP = High - Open
Sells pressure:
SP = Open - Low
Prevailing pressure:
If BP > SP, ัะพ PP = BP If SP > BP, ัะพ PP = SP
Smoothed values:
SBP = MA(BP,Smoothing period,Smoothing method) SSP = MA(SP,Smoothing period,Smoothing method) SPP = MA(PP,Smoothing period,Smoothing method)
Various data display filters:
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