OPEN-SOURCE SCRIPT
Bar by Bar
Calculation of weakness or force of the market. The current bar at the closing price to the number of bars specified by number in settings. At the time of growth or falling of the price if the spread decreases it means weakness and a possible turn. I recommend to use on 1D with settings 3-5. Use this indicator according to volume.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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