TD Pressure Parameters

This study draws a graph of accumulation/distribution pressure. Optionally, dotted reference lines can be drawn at user-set values, but these lines do not affect the calculation or display of the TDPRS line itself.

At each bar, TDPRS computes a price ratio and then optionally multiplies this by the volume. Several different price ratios are available:

Close - Open

Close - Prior_Close

Different calculation is applied if the opening price is more than a threshold percentage away from the prior close. If Open is more than P% greater than the prior close, then instead compute:

In either case, the result is optionally multiplied by volume.

TDPRS outputs a gap at any gap bar, but gap bars are ignored in looking back to find the prior close value.

The study command for Pressure is .TDPRS.