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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Buyer Seller Force for Amibroker (AFL)
This indicator is designed to show the force on the equity of buyers/sellers.
By Michael Jordan
Similar Indicators / Formulas
Indicator / Formula
/* Buyer-Seller Force This indicator illustrates the amount of buying or selling pressure being exerted on the security. When in positive territory, the buyers have the upper hand. When in negative the sellers rule. When divergence occurs, the price will tend to correct toward the indicator. This is specifically written for east coast time NYSE hours. The code must be adjusted for any other equities/markets. */ day_open_time = (Hour() == 9 AND Minute() == 30); c_vel = (C - Ref(C, -1)) / Ref(C, -1); h_vel = (H - Ref(H, -1)) / Ref(H, -1); l_vel = (L - Ref(L, -1)) / Ref(L, -1); p_vel = c_vel + h_vel + l_vel; immediate_pressure = p_vel * V; numminutes = BarsSince(day_open_time); day_pressure = Sum(immediate_pressure, numminutes + 1); Plot(day_pressure, "BSF", colorBlack);
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