Sell
//
// Author LonesomeTheBlue
//
//version=3
study("Sell / Buy Rates", overlay = false, precision = 0)
prd = input(title="Period", defval = 34, minval = 1)
tw = high - max(open, close)
bw = min(open, close) - low
body = abs(close - open)
_rate(cond) => 0.5 * (tw + bw + (cond ? 2 * body : 0)) / (tw + bw + body)
volup = volume * _rate(open <= close)
voldown = volume * _rate(open >= close)
rate = linreg(volup - voldown, prd, 0)
col = rate > 0 ? (falling(rate, 5) ? green : lime) : rate < 0 ? rising(rate, 5) ? maroon : red : na
plot(rate, color = col, style = columns)
// Author LonesomeTheBlue
//
//version=3
study("Sell / Buy Rates", overlay = false, precision = 0)
prd = input(title="Period", defval = 34, minval = 1)
tw = high - max(open, close)
bw = min(open, close) - low
body = abs(close - open)
_rate(cond) => 0.5 * (tw + bw + (cond ? 2 * body : 0)) / (tw + bw + body)
volup = volume * _rate(open <= close)
voldown = volume * _rate(open >= close)
rate = linreg(volup - voldown, prd, 0)
col = rate > 0 ? (falling(rate, 5) ? green : lime) : rate < 0 ? rising(rate, 5) ? maroon : red : na
plot(rate, color = col, style = columns)
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