ARBR (AR and BR)

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 reflects market popularity through the relationship between the opening price and the highest/lowest price, while BR reflects market willingness through the relationship between the closing price and the highest/lowest price.

Application Scenarios

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