BullCharts : No Demand Indicator

No Demand Indicator : Once again thank you very much...

Tue, 05 Apr 2011 01:34:23 +0000

Author: Tanaka
Subject: 695
Posted: 05 Apr 2011 at 1:34am

Once again thank you very much maximo!

I love the ideas behind demand and supply, this should work well with other price/volume analysis. Like you say it will be beneficial when there are no other signals.

No Demand Indicator : Hiya, Thanks Tanaka, thislogic...

Mon, 04 Apr 2011 17:19:08 +0000

Author: maximo
Subject: 695
Posted: 04 Apr 2011 at 5:19pm

Hiya,

Thanks Tanaka, this logic has a statistical edge. Particularly when there has been no signal for many bars. A smaller risk for larger reward could be part of a trading plan for this simple signal.

[Description="No Demand Indicator, http://emini-watch.com/volume-based-patterns-the-no-demand-pattern/174/ "]

[target=price]

Range:=H-L;

NoD:= H > ref(H,-1) and H > ref(H,-2) and V < ref(V,-1) and V < ref(V,-2) and (Range < ref(Range,-1) or Range < ref(Range,-2));

[linestyle=marker; marker=type2; name=NoD]

NoD

Edited by maximo - 04 Apr 2011 at 5:30pm

No Demand Indicator : Anyone able to help with this...

Thu, 31 Mar 2011 22:34:34 +0000

Author: Tanaka
Subject: 695
Posted: 31 Mar 2011 at 10:34pm

Anyone able to help with this one. The 'No Demand Indicator' could be helpful at identifying demand. Same author as the 'Better Volume Indicator'. Code is for TradeStation:

H > H[1] and H > H[2] and V < V[1] and V < V[2] and (Range < Range[1] or Range < Range[2])

More details regarding this indicator can be found at http://emini-watch.com/volume-based-patterns-the-no-demand-pattern/174/

It would be great to apply this to BullCharts.

Thanks for any help,

Tanaka.