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Market Pressure - Ultimate
MetaStock Indicator
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 of the indicator against
that of the instrument may reveal
accumulation/distribution pressures.
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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) |
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