The Price Pressure indicator shows directional price movement similar to how MACD works but rather than showing the difference between 2 moving averages of different lengths it shows the changing behaviour of different types of moving averages of the same length.
Price spike pressure outside the moving high and lows can also be shown and divergence detection can be enabled.
There are multiple modes of colouring:-
4 colour mode off (based on fast MA crossing slow MA)
- green: up
- red: down
4 colour mode on (based on fast MA crossing slow MA and slowing fast MA)
- green: up
- yellow: weakening up
- red: down
- orange: weakening down
fast mode (only uses the fast MA direction)
- green: up
- red: down
Price spike pressure outside the moving high and lows can also be shown and divergence detection can be enabled.
There are multiple modes of colouring:-
4 colour mode off (based on fast MA crossing slow MA)
- green: up
- red: down
4 colour mode on (based on fast MA crossing slow MA and slowing fast MA)
- green: up
- yellow: weakening up
- red: down
- orange: weakening down
fast mode (only uses the fast MA direction)
- green: up
- red: down