- Katılım
- 23 Eki 2020
- Mesajlar
- 1,797
This is the basic calculation: If toadies close is greater than yesterdays close and toadies volume is greater than yesterdays volume, write down toadiesvolume * close, otherwise, If toadies close is less than yesterdays close and toadies volume is less than yesterdays volume, write down todays volume as a negative number * close, otherwise write down 0. Then add up the past 7 days and * 4, add this to the past 14 days total and * 2, add this to the past 28 days total. Plot this grand total in your chart for eachnew trading day. Simple Interpretation: Market Pressure - Ultimate can show divergences with the instrument it is plotted against. It may show signs of support and resistance when the indicator hits areas of support/resistance on its own graph. Comparing rates of change/moving averages ofthe indicator against that of the instrument may reveal accumulation/distribution pressures. Metastock code for : |
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Market Pressure - Ultimate Sum(If( C > Ref(C,-1) AND V > Ref(V,-1), V *C, If(C < Ref(C,-1) AND V < Ref(V,-1), Neg(V) * C,0)),7) * 4 + Sum(If(C > Ref(C,-1) AND V > Ref(V,-1), V* C, If(C < Ref(C,-1) AND V < Ref(V,-1), Neg(V) * C,0)),14) * 2 + Sum(If(C > Ref(C,-1) AND V > Ref(V,-1), V* C, If(C < Ref(C,-1) AND V < Ref(V,-1), Neg(V) * C,0)),28) |
Source / From: | |
