Buy and Sell Pressure

2018년 9월 30일

Buy and sell pressure indicator, according to MY opinion of AI Brooks Price Action method (in particular the concept of buy and sell pressure that it presents).

As I have some difficulty in analysing the pressure from the context shown in the graphic, I have created an indicator that counts the bodies (and trend-favouring shadows) of the last bars, in order to reach a value that express the resulting pressure and direction (if in that time break the Market is more for buying or selling).

Taking this resulting direction as a basis and the applied moving average, the orange signal validates a favourable input pressure (the direction of the bar in the histogram suggests whether it is for buying or selling), and the green colour signal validates a more favourable pressure.

At last, the grey colour signal suggests that an operation in favour of the majority trend does not have as much support as the pressure resulting direction. Although, this does not mean that there are no possibilities of arising viable entries to be used against the trend (especially minority trends). This indicator will not track them.

I emphasize that the indicator is ONLY A VALIDATOR. Both input decisions and output decisions must be evaluated earlier by analysing the context presented by the graphic bars.

2018년 10월 1일

릴리즈 노트

Fixed shadow`s bar counting

2018년 10월 4일

릴리즈 노트

Recalibration of signal bars:
- Orange signs a trend entry
- Green signs a countertrend entry

2019년 3월 28일

릴리즈 노트

Changed color's bars