Buying_Selling_Pressure - MetaTrader 5 Script - MT4/MT5 Resources
The Buy/Sell Pressure indicator shows the strength of buying and selling pressure.
There are five inputs:
BP = High - Open
Sales pressure:
SP = Open - Low
Effective pressure:
If BP > SP, then то PP = BP If SP > BP, then то PP = SP
Smooth value:
SBP = MA(BP, smoothing period, smoothing method) SSP = MA(SP, smoothing period, smoothing method) SPP = MA(PP, smoothing period, smoothing method)
Various data display filters:
Attachment download
📎 buying_selling_pressure.mq5 (21.29 KB)
Source: MQL5 #22344
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