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xel_arjona
8 de Abr. de 2016 19:12

BUY & SELL PRESSURE XeLMod V2 

NYSE:NYA1M
NYSE COMPOSITE INDEXNYSE

Descripción

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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
buyandsellpressureOscillatorsVSAregressionregressiveanalysisMomentum Indicator (MOM)
Comentarios
obstak
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What does the " Use External Volume" option do? what is external volume? Great indicator by the way.
xel_arjona
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@obstak, Is an old version, if checked it will use the close price of the external symbol selected. Some mayor Indexes from exchanges like the NYSE Composite count volume in other “indexes”, like Total Issues, Advanced Issues, Declining Issues, etc.
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