Price Action Indicator (PAIN)

Price Action Indicator (PAIN)
If you were given only today, open, high, low and close as you can make heads or tails of it? Price Action Indicator (PAIN) may help. The formula returns a value that weighs in the day momentum (CO), late selling pressure (LSP) (CL), and Late Buying Pressure (LBP) (CH). The formula is proven to build the ideal rock up and down the border scenarios on futures. The output is shown to be consistent with the interpretation of Japanese candlestick patterns. See Michael B. Geraty (1997). "Getting Better Directions" futures vol. 26: August
((C-O) + (C-B) + (C-L)) / 2