Buy Sell Pressure

3 janv.

This is an indicator that collects sales and purchases data, after which it summarizes and compares them with each other, as well as summarizes the results recorded in the last 20, 10, and 5 candles. Its use is very useful when breaking or rejecting trend lines, as well as breaking or rejecting resistance and support lines. For example, if the trend line is crossed upwards and the twentieth number of the buy bar of the table shows a green, lime, or blue sign (it is better if it is green), a strong uptrend is expected. If the trend line is crossed downwards and the twentieth number of the sell bar of the table shows a red, orange, or yellow sign (it is better if it is red), a strong downtrend is expected. Also, during a rejection, if the candle fails to break the trend line upwards and shows a red sign in the twentieth number of the Sell bar of the chart, a decline is expected and vice versa.