PZ Lopez Pressure MT5

Indicator lopez Pressure It provides for price reversal, analyzing bullish and bearish pressure on the market.

• The ratio of 50 means that the market is balanced


• Ratio of more than 70 means that the market is overbought


• The ratio of below 30 means the market is oversold


• Red dotted line shows the current ratio


• Blue line - the signal line


• The orange line - the main line

He is directly involved in the trade.

• Look for buying opportunities when the market is oversold


• Look for opportunities to sell when the market is overbought


• If the signal line is located above the main, the pressure bullish


• If the signal line is located below the main, the pressure bearish

How is the indicator?

buying pressure - the sum of all the accumulated bars for a certain number of days, multiplied by the volume. Selling pressure - the sum of all distributions for the same number of bars, multiplied by the volume. The ratio indicator gives a measure of buying pressure as a percentage of total activity, whose value must range from 0 to 100. It includes two moving averages, fast and slow, to determine changes in trends and pressures for the respective search transactions.

Author

Arturo Lopez Perez, a private investor, speculator, programmer and founder of Point Zero Trading Solutions.