Ver. 3 By Ricardo M Arjona @XeL_Arjona
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
This is my 3rd. revision of the original implementation for AmiBroker by Karthik Marar's of it's BUY AND SELL PRESSURE INDICATORS but this time, constructed under a complete REGRESSIVE ANALYSIS premise based in (A kind of Slope but measured in % Performance).
Some minimal adaptation's (and cleaning) have been made:
- Instead of simple Range calculation at price, (Regressive) is used.
- Oscillator of Pressure can be deactivated in favor of a simple Cumulative Pressures at candle.
- Oscillator can read data from external tickers for accurate Index calculation. ( NYA0.98% can use TVOL)
- Code is small, cleaner and faster =) !
Any feedback will be welcome...