The MPI‴ or Money Pressure Index is a great indicator to measure the buy/sell money pressure over the asset once it allows you to have a better understanding and interpretation of its behavior once you are able to see it through an histrogram. Using its histogram, will allow you to have a gradual view of its force over the asset and the end of the line oscilation will allow you to see the most up to date indicator behaviour.
What is the best is that you can use it with any kind of graphic that it will always considere the real open, close, high and low trading values.
To have access to this indicator, please contact me at: contato @ moneywise . com . br
Believe me, this indicator will make your life much easier!
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Just graphic ajustment.
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I added two moving average lines to help identify possible reversal confirmation on the MPI histogram indicator.
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The MPI‴ our Money Pressure Index has an all new set of features which allows you to have a better understanding and interpretation of its behavior once you are able to:
1. see colored arrow upward/downward when the MPI line reverses upward/downward; 2. see colored histogram, and additional sign as of in the MACDH indicator; 3. see the indicator with Ordinary or Directional Momentum OHLC values; 4. far right side of the indicator shows bars to that provides the buy/sell signal status: - the right side bar shows if the indicator is on an upward (green color) or downward (red color) full trend for both lines and histogram; - the left side bar shows if the indicator's trend is being threatened (yellow color). - a par of arrows provide the trader the sense of histogram current bar Expansion bias (point top-up and bottom-down) or Contraction bias (point top-down and bottom-up)
Believe me, this indicator will make your life much easier!
To have access to this indicator, please contact DM me.