DislikedHi FOREXflash and thanks for the indi, going to start testing with it. I know this is only the initial version but would you consider for any further versions displaying the spread value i.e the HL minus the HC, saves having to calculate it each time you look at each of the seven candles data, to see it right there would be helpfull, maybe under where the HL and Hc are displayed. Also, for 5 digit brokers, can there be an truefalse option for 5 digit brokers so that the spread for example of 20 doesn't display as 200? Otherwise nice job and look...Ignored
sorry i was doing my workout guys, i got to lose this gut here...but this is basically what i had in mind as far as the indicator..
okay lets base the signal to purchase or sell based on:
If prices are dropping on volume that is less than the previous two bars (or candles), especially if spread with the price closing in the middle or high of the bar, this indicates that there is ‘no
selling pressure’.
Down-bars:
are narrow,
Up-bars:
Weakness manifests itself on up-bars, especially when spreads are narrow, with volume less than the previous two bars(or candles). This shows that there is ‘no demand’ from professional traders.
okay lets base the signal to purchase or sell based on
If prices are dropping on volume that is less than the previous two bars (or candles), especially if spread with the price closing in the middle or high of the bar, this indicates that there is ‘no
selling pressure’.
Down-bars:
are narrow,
Up-bars:
Weakness manifests itself on up-bars, especially when spreads are narrow, with volume less than the previous two bars(or candles). This shows that there is ‘no demand’ from professional traders.
It would great to if possible to show some type of signal on this chart that the market is void of professional support maybe you can add like an X or O some symbol letting traders know that the narrow spread bars are closing higher than the previous bars on low volume. That way we can have a type of confirmation before shorting the market following a sign of no demand.
