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Precision Trading Systems is now a registered NinjaTrader vendor partner.
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Demand Index by James Sibbett for NinjaTrader 7 |
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The power of Demand index is put to its best use when measuring divergences between itself and the price data series.
When we see a weakening of prices that are making new lows and the Demand Index is not making a new low this known as a bullish divergence
Buy Demand Index for NinjaTrader7 $197 for a 10 yr license, or you get a 1 month trial for $55
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Demand Index for NinjaTrader 7 shown below on recent data (E-mini SP500 Futures) |
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| This example shows that the selling was serious as it sent the Demand index indicator very fast below the zero line. This is generally regarded as a reliable trend change signal indication. |
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This example shows that the low on 1/3 was not confirmed by a low on the Demand Index indicator. This signal was identified by the Precision Divergence Finder 2012 in a very clear example. Buy Demand Index for NinjaTrader7 $197 for a 10 yr license, or you get a 1 month trial for $55
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Above we can see that the high price did not hold and the Demand Index began falling off a cliff. This is the advance warning side of this indicator. In other cases if the trend was going to continue rising, we would likely see the Demand Index holding up much better. Once the indicator crossed below zero we see a sharp decline in price. |
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Demand Index can often help you identify the direction of a tight range Above we can see a zero line hugging Demand Index (50) which became a crystal clear sell signal which lead to 120 point collapse in the Dax futures After the congestion area developed, we see clearly that Demand Index went into a rising trend which forewarned of a rising breakout of the pattern. |
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Above we can see the effect of increasing Demand Index length to 100. Notice
the smoothed line give us clear trend definitions.
The new low made at 20:00 was not confirmed by Demand Index low which is a bullish divergence. Notice also how after this the indicator just keeps rising showing us that volume accumulation is occurring. The minor sell off at 0850 does not transmit into the Demand Index as the volume was low. The move at the end of the data is backed up by a huge move up in the Demand Index Indicator, which illustrates the validity of it. |
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Which markets can Demand Index Finder be used on?
Which markets cannot be used with Demand Index?
Buy Demand Index for NinjaTrader7 $197 for a 10 yr license, or you get a 1 month trial for $55
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List of other paid and free products from Precision Trading Systems.
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Demand Index by James Sibbet for NinjaTrader7 Price $197 (Pay-Pal) 10 year license Price $55 (Pay-Pal) 1 month trial license Stocks, Futures, Bonds, Forex, Real-time and Static data
Buy Demand Index for NinjaTrader7
Author: James Sibbett, coded by Precision Trading Systems. (Protected code) Making life simple for traders. |
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