Using only today's open, high, low and close, the Price Action Indicator (PAIN) provides quite a bit of useful information. Using the formula:

[(C-O)+(C-H)+(C-L)]

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where:

(C-O) defines Intra-Day Momentum,
(C-L) defines Late Selling Pressure (LSP) and
(C-H) defines Late Buying Pressure (LBP).

This yields a single value that has proven itself by constructing ideal limit-up and limit-down scenarios in bond futures. The output has also shown to be consistent with the interpretation of Japanese candlestick patterns.

When the Close is near the Low, the stock's price is under selling pressure. If the Close is near the High, the stocks price is under buying pressure, the "Bulls are driving up the price." If the overall market conditions remain favorable, a high PAIN value with the Close near the High will be an excellent potential long.