Wicks, or no wicks? That is the question. Fract just posted an update on TradingView a few minutes ago that allows users the choice to factor wicks into the indicator's calculations or not. "Added switch for considering wicks in the formula. Some people thought it was a good idea using the indicato...

mrtools / kvak, I have one final request to make for the time being. Please do this at your own convenience whenever you have the time to do so. In an earlier discussion on this thread for the NET BSP indicator , there was this standout quote I pulled from the official TradingView page for this ind...

So from an EA point of view my vote will go with the version by fract, his original calculation, Calc2 in the summary, comments? It is evident that the changes introduced by Calc3 is an attempt to get you into the trade much earlier, but I believe the advantage of Calc2 out ways this attempt. I nee...

There is a Cumulative Price Change % indicator on tradingview that has source code my phones not letting me copy anything though That was mentioned in the Pdf, and also is uni trend balance system for mt4 out there whichc was also menthioned This one? https://www.tradingview.com/script/NXm3Owp7-Cum...

I re-read the official page for Fract's BSP indicator and I came across an interesting discussion on how Fract would recommend using it. And here is a summary of what he had to say: "It's like averaging the ATR: There is no point in exceeding the length above 60. I use a length of 24 in my strategy ...

Centaur at the No Nonsense Forex thread did something really interesting with the BSP indicator , which you can read from posts #153-159. He came up with four different variations of the BSP indicator that each have a different mathematical formula, and tested them on five separate timeframes (M5, ...

Seems interesting, but the bsp indicator doesnt look that goon on my renko chart. Could you share a screenshot? us30 10-11am BSP test.jpg Here is what the BSP indicator looks like on a US30 chart with 5-point Renko boxes (top subwindow). The timespan of this picture is 10-11am EST today. This is kv...

Buy Sell Pressure (BSP) From a readability point of view I prefer calc 1 and 4, really can't see a major difference in the performance of all 4 calculations. This looks awesome! I was thinking of doing exactly this so I appreciate your efforts in such a short timespan. Would it be easier to see the...

@Jimmy @mrtools @kvak I have an important question to ask about the math being used to create the BSP indicator in light of other versions of this indicator I found published on TradingView. On the No Nonsense Forex thread, somebody requested Centaur to convert the BSP indicator into MT5 format. Ex...

I want to share something important that I've observed when using the BSP indicator on Renko charts. This pertains to V1 and V2.01 because unlike V2, both versions do not attempt to eliminate wicks out of consideration in the calculations. I made this observation a while back when first testing out...