Overload List
| Overload | Description |
|---|---|
| PriceActionIndicator(String,Series) | Evaluates the Price Action Indicator (PAIN) of an asset for a given trading period. |
| PriceActionIndicator(Series) | Evaluates the Price Action Indicator (PAIN) of an asset for a given trading period. |
| PriceActionIndicator(SeriesCollection) | Evaluates the Price Action Indicator (PAIN) of an asset for a given trading period. |
Exceptions
| Exception | Description |
|---|---|
| ArgumentException | Thrown if the High, Low, Open,
Close are strictly negative. |
Remarks
Evaluation
The PAIN indicator is evaluated by the following formula:
PAIN = ((Close-Open)+(Close-High)+(Close-Low))/2
where:
- (Close-Open) defines Intra-Day Momentum
- (Close-Low) defines Late Selling Pressure (LSP)
- (Close-High) defines Late Buying Pressure (LBP)
Close is the period closing price, Open is the period opening
price, High is the highest traded price during the period and Low
is the lowest traded price during the period.Interpretation
When the close is near the low, the assets's price is under selling pressure. If the close is near the high the asset's price is price is under buying pressure