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Balance of Market Power
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=61448
Forum: 38 · Topic 61448 · 1 post(s)
Balance of Market Power
Alexander.Gettinger · Mon Nov 17, 2014 4:52 pm
Original LUA oscillator: viewtopic.php?f=17&t=23534.
Formulas: BMP = (BuO+BuC+BuOC)/3-(BeO+BeC+BeOC)/3, Signal = MVA(BMP) with [Length] number of periods, where BuO = (High-Low)/THL, BeO = (Open-Low)/THL, BuC = (Close-Low)/THL, BeC = (High-Close)/THL, BuOC = (Close-Open)/THL, if Close>Open, else BuOC = 0, BeOC = (Open-Close)/THL, if Close<Open, else BeOC = 0, THL = High-Low.
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