📊Market Pressure (old)

Overview

Our Market Pressure indicator is designed to identify bullish or bearish pressure points through a quantitative analysis of individual candles. This data is then tracked and stored in the visual representation given by the gradient colors, strong coloring(gradient) indicating strong pressure and weak coloring(gradient) indicating weak pressure.

This indicator provides great insight into both short term build up of directional pressure and long-term buildup as well depending on how you adjust the settings.

Pressure Settings

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Setting: Pressure Gradient Sensitivity

Purpose:

• Determines how sensitive the color shifting gradient is to shifts in pressure.

Adjusting:

• Level 'High' should be used on securities with high volatility candles.

• Level 'Medium' is the default and will apply to most securities.

• Level 'Low' should be used on securities with low volatility candles.