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Trend Pressure
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=5275
Forum: 17 · Topic 5275 · 3 post(s)
Trend Pressure
Apprentice · Tue Jul 19, 2011 2:01 am
This indicator is currently being developed.
There are two versions.
Advance Pressure Trend Compares the Up and Down Pressure of the last N bars. The calculation takes into account the entire candle. Body and Wick.
Advance Trend Pressure
Asymmetric Pressure Trend
It basically compares the Up and Down pressure for the last, N candles in the direction of the trend, and last N candle in the opposite direction from current trends.
Allows you to define a separate trend, and Reversal Period. If you are using Smaller Reversal Period this will Result with in earlier signals.
Asymmetric Trend Pressure
Obtained data has a lot of noise. Therefore, further smoothing is recommended.
The indicator was revised and updated
Re: Trend Pressure
Alexander.Gettinger · Fri Jun 29, 2012 1:34 pm
MQL4 version of Trend pressure: viewtopic.php?f=38&t=20675
Re: Trend Pressure
Apprentice · Tue Apr 11, 2017 5:26 am
Indicator was revised and updated.