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Market Balance

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This indicator simply tracks the balance of the supply/demand and will always revert to the mean.

If the market is over bought it will move above the mean, hit a limit and come back toward the mean. Opposite for oversold.

The difference between this and MFI or RSI is that a market can move up or down in an organized fashion and stay close to the mean. It is impulsive moves up or down that will correct.

So a trader might be able to gauge whether an given stock has the likelihood to pullback or bounce based on this indicator.

The color indicator attempts to predict the color of the next bar.

Works well with Heiken Ashi style candles as well.
發行說明
Added .. balance zone
發行說明
Some small aesthetics.
Note, the color indicator on the moving average is a prediction of the next bar color.

Balance Of PowerbounceCentered OscillatorsOscillatorspullbackTrend Analysis

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該腳本是閉源發佈的,您可以自由使用。您可以把它加入到常用以在圖表上使用它。您無法查看或修改其原始碼。

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