Pure Price Power

The indicator analyzes and displays the "pure" power of the price movement over the selected period. One of the multiple price modes is used for the calculation. The indicator also features an alternative calculation mode, which can be used with the "internal reverse" mode. In order to obtain the result with consideration of the volatility, enable the use of tick volumes. The result can be additionally smoothed using 26 types of moving average.

Parameters

• Calculation period - calculation period
• Smoothing period - smoothing period
• Smoothing method - smoothing method
• Calculation mode - calculation price mode
• Use volumes - enable the use of tick volumes during the data calculation
• Alternative algo mode - enable alternative calculation algorithm
• Price revers for alternative mode - enable the internal reversion for the alternative calculation algorithm