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Body Size Strength

Published: 14 July 2024

Current version: 240.719

Body Size Strength

Indicators
Smarterbot Software
Version: 240.719
Updated: 20 July 2024
Activations: 5

Body Size Strength Indicator

Overview

The Candle Body Size Strength Indicator provides a comprehensive suite of calculations that analyze daily price movements, delivering actionable insights that can significantly enhance your trading strategies.

Why Choose the Body Size Strength Indicator?

Quantitative traders will appreciate the extensive calculations and buffers that this indicator offers. It is designed to integrate seamlessly with algorithmic trading systems, enhancing the precision and reliability of your strategies. With its detailed metrics and comprehensive analysis, this tool is essential for anyone looking to gain an edge in the market.

Unlock the full potential of your trading strategies with the Body Size Strength Indicator. Subscribe now to gain access to this indispensable tool and elevate your quantitative trading to new heights.

Key Features

3 Extensive Buffers:
- Buffer [0] Sum of positive Candle Body size (intraday)
- Buffer [1]: Sum of negative Candle Body size (intraday)
- Buffer [2]: Body Size Strength, the difference of previous two indicators that provide a detailed and nuanced view of market dynamics.

Methods: Measures the absolute difference between closing and opening prices, giving clear insights into price volatility essential for intraday trading.
1. RAW Body size = abs(C-O)
2. ROC Body size = Rate of change in relation of REF_PRICE (daily open or last day close)

Input Parameters

ReferencePrice: Choose between LastDayClose and DailyOpen for reference calculations, allowing flexibility in strategy formulation.
PlotType: Select from multiple plotting options to visualize data in a manner that best suits your trading strategy.

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Maximize Your Profits with the Powerful Keltner Channel RSI EA - An Expert Advisor with Custom Optimization Metrics Introducing the Keltner Channel RSI EA, an expert advisor that allows you to trade in a variety of ways using Keltner Channel and RSI signals. The Keltner Channel is a technical indicator that plots upper and lower bands around the price action, based on the volatility and average true range. The RSI is a momentum indicator that measures the strength of an asset's price action, rel

270 USD

Introducing Three Moving Averages Pro, a collection of strategies involving moving averages with powerful custom optimization metrics, Three Moving Averages Pro helps you find the best trading systems with low stagnation and high net profit. This strategy uses two entry conditions and one exit condition to execute trades with precision and accuracy. With a variety of options such as entry position at opening a bar above or below different moving averages and moving averages crossing in differe

270 USD

True Range Strength Indicator with Advanced Trigger Options This indicator calculates and displays various metrics related to daily price changes: Metrics True Range (TR): The maximum of (High - Low, |High - Previous Close|, |Low - Previous Close|) TR Rate of Change (TR_ROC): Percentage change of TR relative to the daily reference price Daily Sum of Positive TR ROC: Accumulation of positive TR ROC values within a day Daily Sum of Negative TR ROC: Accumulation of negative TR ROC values within a d

30 USD

High Low Strength Indicator Overview The High Low Strength Indicator is a powerful tool designed to monitor and show how often new daily highs and lows occur within the day, also known as peaks and troughs, or to track the frequency of highs and lows. This indicator highlights market trends and potential reversals, making it essential for investors, day traders, and quantitative traders seeking to enhance their market analysis and trading strategies. Key Features The indicator operates in tw

30 USD

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Version 240.719 2024.07.20

Fixes:
- Fixed rates for better performance using the flag IsStopped; Now optimization with this indicator is fast!

Version 240.715 2024.07.15

Input to choose 2 methods for the calculation of the "Body Size Strength":
- Body Size
- Body Size ROC