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Buying & Selling Pressures
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Buying & Selling Pressures
Is the code for the Buying & Selling Pressures proprietary? There's a number of indicators that claim that they display the Buying & Selling Pressures, but I was wondering which formula does NT7 use in the Market Analyzer? Is it the Chaikin Oscillator, the Accumulation Distribution Line, the Money Flow Multiplier or the Money Flow Volume?Tags: None
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Originally posted by NinjaTrader_Bertrand View PostThe codes / formulas are not proprietary, please check into this link from our helpguide for more details on the PowerVolume indicators shipped with NinjaTrader -
http://www.ninjatrader.com/support/h...indicators.htm
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StockJock, sorry I would not have any algebraic form I could provide. The indicator is summing up trades at the ask and higher and below the bid and lower and thus form a ration of the buy / sell pressure ignoring trades in between that are not considered aggressive.BertrandNinjaTrader Customer Service
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