PriceActionIndicator(Series) Method
Evaluates the Price Action Indicator (PAIN) of an asset for a given trading period.
Syntax
'Declaration Public Overloads Shared Function PriceActionIndicator( _ ByVal s As Series _ ) As Series
'Usage Dim s As Series Dim value As Series value = FinancialEngine.PriceActionIndicator(s)
Parameters
- 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
A series where the first element is the PAIN of the asset on the most recent period considered, the second term is the PAIN on the period before that and so on.
Exceptions
| Exception | Description |
|---|---|
| System.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
Requirements
Target Platforms: Windows 7, Windows Vista SP1 or later, Windows XP SP3, Windows Server 2008 (Server Core not supported), Windows Server 2008 R2 (Server Core supported with SP1 or later), Windows Server 2003 SP2
See Also