FXCM Forex Trading

Buying/Selling Pressure

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

Buying/Selling Pressure

Postby Apprentice » Fri Feb 15, 2013 6:53 am

BSP.png

BP = high-open
SP = open -low

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

BSP.lua
(6.17 KiB) Downloaded 880 times
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 16557
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Buying/Selling Pressure

Postby compulsive » Wed Feb 20, 2013 10:46 pm

What is this based on?
compulsive
 
Posts: 30
Joined: Mon Jan 17, 2011 2:39 pm

Re: Buying/Selling Pressure

Postby Apprentice » Thu Feb 21, 2013 3:54 pm

U should ask Jeff.
viewtopic.php?f=27&t=32048
I'm just a programmer for this one.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 16557
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Buying/Selling Pressure

Postby greentrader » Thu Feb 21, 2013 8:24 pm

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)
greentrader
 
Posts: 6
Joined: Thu Feb 21, 2013 8:08 pm

Re: Buying/Selling Pressure

Postby Apprentice » Sat Feb 23, 2013 7:34 am

Your request is added to the development list.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 16557
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Buying/Selling Pressure

Postby Apprentice » Mon Feb 25, 2013 4:13 pm

Update, Minor bug fix added.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 16557
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Buying/Selling Pressure

Postby Jeffreyvnlk » Mon Mar 11, 2013 8:31 pm

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
Jeffreyvnlk
FXCodeBase: Graduate
 
Posts: 301
Joined: Wed Apr 11, 2012 2:17 pm

Re: Buying/Selling Pressure

Postby Apprentice » Tue Mar 12, 2013 5:27 am

like this
If BP > SP
Show only SP

If SP > BP
Show only BP
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 16557
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Buying/Selling Pressure

Postby Jeffreyvnlk » Sun Mar 24, 2013 4:13 pm

yes, very simple,the beauty of math, thank you
Jeffreyvnlk
FXCodeBase: Graduate
 
Posts: 301
Joined: Wed Apr 11, 2012 2:17 pm

Re: Buying/Selling Pressure

Postby Apprentice » Mon Mar 25, 2013 6:38 pm

Prevailing pressure filter Added.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 16557
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Next

Return to Custom Indicators

Who is online

Users browsing this forum: No registered users and 8 guests