Calculation formula and principle of red and green columns in large slabs

1, indicating significance of red and green columns

The indicator meanings of red and green columns can be viewed in the following ways:

Click the left mouse button to select the red and green column, then click the right mouse button, and then click Modify the red and green column to see the source code. It can be seen that the calculation formula of red and green columns is: RIDETREND/ 100.

RIDETREND is a function. When the mouse hovers over RideTrend, the meaning of this function and the applicable time period will be displayed.

Meaning: the sum of the latest prices of all the rising stocks in the index divided by the sum of the latest prices of all the stocks in the index.

2. usage of RISETREND:

Instructions for use: The red and green columns reveal the strong and weak contrast of active trading orders. The longer the red column, the stronger the active buying; The longer the green column, the stronger the initiative.

3. The relationship between the RISETREND function and the numbers displayed on the chart:

RIDETREND calculates the ratio of the latest prices of rising stocks to the latest prices of all stocks. If the ratio is large, it means that there are more rising stocks than falling stocks, and further active buying is stronger; If the ratio is small, it means that the number of rising stocks is less than that of falling stocks, and further active selling is stronger.

Because stocks only go up when they are bought hard and only go down when they are sold hard, the usage of the function RISETREND is the same.