| Name: |
Price Action Indicator (PAIN) |
| Description: |
The formula returns a single
value that weighs intra-day momentum (Close-Open), Late Selling
Pressure (LSP) (Close-Low), and Late Buying Pressure (LBP) (Close-High).
The formula is proven by constructing best limit-up and limit down
scenarios in bond futures. For interpretation refer to Futures magazine
(August 1997), "Getting Better Directions" by Michael B. Geraty
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| Syntax: |
((Close(0)-Open(0))+(Close(0)-High(0))+(Close(0)-Low(0)))/2 |
| Function Name: |
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Download to import into Tradecision. 
How to use this custom indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click the Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
Now you can insert the indicator directly into a price chart or modify it like any other in-built indicator.
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