Buying_Selling_Pressure

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

There are five inputs:

• Period - calculation period

• Smoothing period

• Smoothing method

• Pressure filter - pressure types filter

• Both pressures - display both pressure types

• Buying pressure - display buys pressure

• Selling pressure - display sells pressure

• Prevailing pressure - display prevailing pressure

• Smoothing filter

• Both - display both types

• Only unsmoothed - display only unsmoothed

• Only smoothed - display only smoothed

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: