RSD Force

Operating Principle:

The "RSDForce" merges trading volume analysis and price movements to provide valuable market insights. Here's how it works:

• Volume and Price Analysis: The indicator examines the trading volume (quantity of traded assets) and price variations over time.
• Market Force Calculation: It calculates a value that reflects the market's 'force', indicating whether the price trend is strong and based on substantial trading volume.
• Simple Visualization: The result is displayed as a line on a chart, making interpretation and decision-making easier.

Input Parameters:

The "RSDForce" comes with adjustable parameters to fit your needs:

• Force Period: Defines the time interval for analysis.
• Moving Average Method: Choose among different methods for calculating the moving average.
• Applied Price: Determines which price (open, close, etc.) is used in calculations.
• Applied Volume: Choose between tick volume or actual volume.
• Standard Deviation Period: Adjusts the indicator's sensitivity to price variations.
• Weight of Price and Volume: Balances the importance of price and volume in the calculations.