Body Size Strength

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.