No Demand Indicator

   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.

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Tanaka Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 08 Jul 2010 Posts: 18	Post Options Post Reply Quote Tanaka Report Post Quote Reply Topic: No Demand Indicator 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.

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply 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

Tanaka Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 08 Jul 2010 Posts: 18	Post Options Post Reply Quote Tanaka Report Post Quote Reply 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.