Buying & Selling Pressures

[StockJock]

Is the code for the Buying & Selling Pressures proprietary? There's a number of indicators that claim that they display the Buying & Selling Pressures, but I was wondering which formula does NT7 use in the Market Analyzer? Is it the Chaikin Oscillator, the Accumulation Distribution Line, the Money Flow Multiplier or the Money Flow Volume?

[NinjaTrader_Bertrand]

The codes / formulas are not proprietary, please check into this link from our helpguide for more details on the PowerVolume indicators shipped with NinjaTrader -

http://www.ninjatrader.com/support/h...indicators.htm

[StockJock]

Originally Posted by NinjaTrader_Bertrand

The codes / formulas are not proprietary, please check into this link from our helpguide for more details on the PowerVolume indicators shipped with NinjaTrader -
http://www.ninjatrader.com/support/h...indicators.htm

I've seen the information on the power volume indicator; however, I haven't seen this indicator formula anywhere else on the internet to examine how it is calculated. I'm not familiar with C# language; so reading the code is rather difficult. Who is the author of this indicator and is there an algebraic formula that I can examine?

[NinjaTrader_Bertrand]

StockJock, sorry I would not have any algebraic form I could provide. The indicator is summing up trades at the ask and higher and below the bid and lower and thus form a ration of the buy / sell pressure ignoring trades in between that are not considered aggressive.