OPEN-SOURCE SCRIPT

BUY & SELL PRESSURE XeLMod V2

11 657
BUY & SELL PRESSURE Oscillator
Ver. 2.0 XelMod

WHAT'S THIS?

This is an UPDATED version of a previous script already posted.

List of changes from previous script:
  • Separated as Column Histogram just the Regressive (Rate-Of-Change) Force of the indicator which gives a faster response of the trend.
  • Default period is now set to 81, as better Oscillator swing lagging.


This is an excelent momentum indicator very similar to ADX but in a candle weighting distribution rather than ranges.

For additional reference:
Karthik Marar BUY AND SELL PRESSURE INDICATORS.

Cheers!
Any feedback will be welcome...
xel_arjona

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.