Percent Buy Sell Volume Smoothed Binary

[henry1224]

Here is an indicator that shows +1 when buyers are in control and 0 when Sellers are in control
Parameters tab

A double 5 1 100


BP:=((H-O)+(C-L));
SP:= ((O-L)+(H-C));

BPA:= MA(MA(MA(((BP/(H-L)/2)*(Sum(V,A)/A)),A),2),2);
SPA:= MA(MA(MA(((SP/(H-L)/2)*(Sum(V,A)/A)),A),2),2);
BSignal: If(BPA >= SPA,1,0);