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Price Action Indicator (PAIN)
The Price Action Indicator (PAIN) provides a lot of helpful information using only today's open, high, low, and close. This pays a single value that is rather efficient, building ideal limit-up, and limit-down scenarios in bond futures. The output has also demonstrated to be firm with the interpretation of "Japanese candlestick pattern." Using the formula:
[(C-O)+(C-H)+(C-L)] / 2
where:
(C-O) defines Intra-Day Momentum,
(C-L) defines Late Selling Pressure (LSP) and
(C-H) defines Late Buying Pressure (LBP)
This yields a single value that has proven itself by constructing ideal limit-up and limit-down scenarios in bond futures. The output has also shown to be consistent with the interpretation of Japanese candlestick patterns.

The stock's price is under selling pressure if the Close is near the Low. The stock's price is under purchasing pressure, or as they say the "Bulls are driving up the price" if the Close is near the High. In the end, a high PAIN value with the Close near the High will be an excellent potential long if the overall market conditions stay fortunate.