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Candle Pressure Response (JMA)
Candle Pressure Response breaks each candle into four dimensions: pressure (how strongly is the market buying or selling within the candle?), rejection (how much of the price move is rejected by wicks?), efficiency (ratio of body to total range) and expansion (how much does the candle expand compared to the ATR average?). All four series are smoothed with JMA and ATR-normalized, making values comparable across timeframes. Threshold-based visual alerts mark extreme values.
Screenshot coming soon
Add a screenshot as public/screenshots/candle-pressure-response.webp
Features
Usage: Open the Pine Editor on TradingView, copy the code from the GitHub repository and paste it.
This script is an idea for developing your own Pine Script indicators. It does not constitute investment advice and serves exclusively as technical learning material. Use at your own risk.
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