FXCodeBase.COM: Forex Chart Indicators and Development

BP = high-open
SP = open -low

Prevailing pressure filter
If BP > SP then
PP = BP
If SP > BP then
PP = SP



Indicator based strategy.
viewtopic.php?f=31&t=68786

What is this based on?

U should ask Jeff.
viewtopic.php?f=27&t=32048
I'm just a programmer for this one.

hi,
can you create mtf strategy based on this indicator

indicators:


1. buying /selling pressure

with default parameters
time frames m15,H1,H4

2.ATR

period : 14
time frames : H1,H4
multiplier for H1: 1.0
multiplier for H4: 2.0

BUY:

1. SBP (H4) > SSP( H4) AND SBP (H4)- SSP(H4) > ATR(H4) *MULTIPLIER FOR H4(2.0)

2.SBP(H1)> SSP(H1) AND SBP(H1)-SSP(H1) > ATR(H1)*MULTIPLIER FOR H1(1.0)

3. SBP (M15 ) CROSS OVER SSP (M 15)

SELL:

1. SSP(H4) > SSP( H4) AND SSP(H4) -SBP(H4) > ATR (H4) * MULTIPLIER FOR H4( 2.0)

2.SSP(H1) > SBP(H1) AND SSP(H1) - SBP(H1) > ATR(H1)*MULTIPLIER FOR H1(1.0)

3.SSP (M15) CROSS OVER SBP (M15)

Your request is added to the development list.

Update, Minor bug fix added.

Apprentice wrote:

BSP.png

BP = high-open
SP = open -low

BSP.lua

Thank you. But im sorry for missing some detail. The indicator should focus on:

- green days for selling pressure (calculated Selling Pressure only in green days)
- red days for buying one

Kind of filtering. Appreciated if you could adjust a bit. Using: when Selling Pressure increases, meaning reverse could be ahead

like this
If BP > SP
Show only SP

If SP > BP
Show only BP

yes, very simple,the beauty of math, thank you

Prevailing pressure filter Added.