"WallStreet" Surfers

[GreenReeper]

Buying Pressure (BP) measures the level of the current close relative to the current low or prior close, whichever is the lowest. True Range (TR) measures the price range from the current high or prior close (whichever is highest) to the current low or prior close (whichever is lowest). Both Buying Pressure and True Range incorporate the prior close to account for possible gaps from one period to the next. Buying Pressure is then shown relative to the True Range by dividing the X-period sum of BP by the X-period Sum of True Range. Averages are created for 7, 14 and 28 periods. These numbers correspond with the default parameters.