Public Overloads Shared Function PriceActionIndicator( _
   ByVal seriesName As String, _
   ByVal s As Series _
) As Series

Visual Basic (Usage)	Copy Code
Dim seriesName As String Dim s As Series Dim value As Series   value = FinancialEngine.PriceActionIndicator(seriesName, s)

public static Series PriceActionIndicator( 
   string seriesName,
   Series s
)

Parameters

seriesName

The name of the series which will be displayed on the chart, i.e. its label.

s

A financial series where the first element is the traded price on the most recent period, the second element is the traded price of the previous periods and so on, for the asset under consideration.

Return Value

Evaluation

The PAIN indicator is evaluated by the following formula:
PAIN = ((Close-Open)+(Close-High)+(Close-Low))/2
where:

1. (Close-Open) defines Intra-Day Momentum
2. (Close-Low) defines Late Selling Pressure (LSP)
3. (Close-High) defines Late Buying Pressure (LBP)

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

Reference