Indicator Description

ARBR (Popularity and Willingness Indicator) is a composite indicator consisting of AR (Popularity Indicator) and BR (Willingness Indicator), used to judge the power comparison between buyers and sellers in the market.

Function Information

• Function Name: ARBR
• Input Parameters: Open, High, Low, Close
• Parameter Settings: timeperiod (default: 26)
• Output: AR value, BR value

Calculation Principle

AR and BR are calculated using the following formula:

AR = SUM(High - Open, timeperiod) / SUM(Open - Low, timeperiod) * 100
BR = SUM(High - Close[-1], timeperiod) / SUM(Close[-1] - Low, timeperiod) * 100

Where Close[-1] is the previous closing price.

Usage Scenarios

1. Market sentiment judgment
2. Overbought and oversold judgment
3. Divergence analysis
4. Trend confirmation