Public Overloads Shared Function PriceActionIndicator( _
   ByVal sc As SeriesCollection _
) As SeriesCollection

Visual Basic (Usage)	Copy Code
Dim sc As SeriesCollection Dim value As SeriesCollection   value = FinancialEngine.PriceActionIndicator(sc)

public static SeriesCollection PriceActionIndicator( 
   SeriesCollection sc
)

Parameters

sc

A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.

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