PAIN Oscillator: OHL3C Price Ratio with Period and Averaging Method
Summary
The document introduces PAIN, a price-action oscillator that displays an OHL3C candlestick price ratio over a chosen period. Its two controls are the calculation period and the moving-average method. The description identifies the moving average used in the calculation but does not provide a complete verbal definition of the ratio or explain how to interpret its values.
No trading rules, parameter settings, example signals, or performance results are included. As a result, the text establishes the indicator’s broad inputs and purpose but offers little guidance on using it in a strategy or evaluating its behavior. Traders would need the underlying formula or further documentation to reproduce the calculation and assess its limitations.
Key ideas
- PAIN is described as an oscillator based on an OHL3C candlestick price ratio.
- Its calculation has a period setting and a moving-average method setting.
- The document does not fully explain the formula or how to interpret the output.
- It provides no strategy rules or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.