dman103

Price Trend Meter

Yet another sweet little indicator which measures price pressure over specific period of time. I call it Price Trend Meter ( PTM ),
It's basically similar to the indicator 'Volume Trend Meter' ( VTM ) but this time the calculations are based on price rather than volume .
The indicator sums up all the prices of the green candles and red candles over a specific period of time (source and bars back can be adjusted in indicator settings).

======= Calculation ==========
For Green Column: Total price of green candles is higher than total red candles price for a specific bars back.
For Red Column: Total price of red candles is higher than the total green candles price for a specific bars back.

======= Price Trend Meter Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.

For the Volume Trend Meter indicator go here : https:www.tradingview.com/script/ywEEvEtI-Volume-Trend-Meter/

Stay tuned and Follow as a combination indicator of the two indicators ( VTM + PTM ) will be coming up next: https:www.tradingview.com/u/dman103/#published-scripts
Like if you like and Enjoy.
開源腳本

秉持真正的TradingView精神,該腳本的作者將其開源發佈,因此交易者可以理解和驗證它。為作者加油!您可以免費使用它,但是在發佈中重複使用此程式碼受網站規則的約束。您可以把它加入到常用以在圖表上使用它。

想在圖表上使用此腳本?
Appreciation of my work: https://paypal.me/dman103

Premium Pivot Points Algo Indicator: https://www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/

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