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BuySellPressure Explanation

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    BuySellPressure Explanation

    Hello Ninjas,

    I know there is a link explaining the main framework of the buysellpressure indicator. However, can someone let me know how its actually interpreted while trading?

    For example, would I be correct in saying if the green line/indicator is above 50 then there is more buying pressure and if the red line/indicator is above 50 there is more selling pressure?

    Cheers

    Carlton

    #2
    Yes Carlton, it would be expressed as percentage, so you would like to see BuyPressure above 50 and SellPressure below it for example for long confirmation.

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