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Buying_Selling_Pressure.mq5 (21.29 KB) view

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Buying/Selling Pressure indicator displays the strength of buys and sells pressure.

There are five inputs:

Buys pressure:

BP = High - Open

Sells pressure:

SP = Open - Low

Prevailing pressure:

If BP > SP, то PP = BP
If SP > BP, то 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:

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22344

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Buying_Selling_Pressure - indicator for MetaTrader 5