- Katılım
- 23 Eki 2020
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If you were only given today's open, high, low and close, how could youmake heads or tails of it? The Price Action Indicator (PAIN) can help. The formula returns a singlevalue that weighsintra-day momentum (C-O), Late Selling Pressure (LSP) (C-L), and LateBuying Pressure (LBP) (C-H). The formula is proven by constructing ideal limit-up and limit downscenarios in bond futures.The output is shown to be consistent with the interpretation of Japanesecandlestick patterns. See Michael B. Geraty (1997). "Getting Better Directions" Futures Vol.26: Aug. |
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Price Action Indicator (PAIN) ((C-O)+(C-H)+(C-L))/2 |
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