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Price Action Indicator

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The Price Action Indicator (PAIN) uses only the days’ open, high, low and close. The formula returns a single value that compares intra-day momentum (Close-Open), Late Selling Pressure (LSP) (Close-Low), and Late Buying Pressure (LBP) (Close-High).

Price Action Indicator (PAIN)

Chart courtesy of Prophet Financial Systems (www.prophet.net)

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Categories Articles, Technical Analysis | Tags: Technical Analysis, Technical Indicators

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