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In the July issue of Active Trader, Tom DeMark discussed his TD
Pressure Ratio indicator. Has anyone created the AFL for this
indicator? Can you post the code?
Here's a description of the indicator:
<from AT Mag>
Numerator is the sum of all the accumulation (days the close was above
the open) over a certain number of days, multiplied by the volume -
that is the "Buying Pressure".
Note: "Selling Pressure" is the sum of all of the distribution over
the same number of days, multiplied by the volume.
Denominator is the absolute value of the sum of the Buying Pressure
and Selling Pressure.
The ratio gives you a measure of the Buying Pressure as a percentage
of the total activity. This ratio (oscillator) should fluctuate from
0 to 100.
</from AT Mag>
He also discusses creating a cumulative version of the Pressure Ratio,
similar to OBV.
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