MDlevels

Chart1

The Precision Minus Development level finder scans the price and volume action, finding levels that aren't always easy

to see with the naked eye. This is a well know aspect of the market profile technique developed by Peter Steydelmeyer

and is highly regarded by those who practice it. To sum up what a MD level is, can best be seen on the below chart

example which clearly shows the level (yellow line) at 264p. This represents a "pocket" in the middle of lots of volume

trading price levels, where the smallest amount of volume has occurred. This phenomenon often occurs at peaks and

troughs, and support and resistance levels. The red line at 281p is the 2nd largest MD level which clearly is acting as

resistance in this example.

The Precision MD level finder, can identify these patterns automatically, and often shows levels missed by even the most

skilful chartist.

Chart 2

This stock begins in a gentle but choppy uptrend, and although examination by eye does not show anything different happening at the 320 level than at 300 or 330 etc, the Precision MDlevel finder, didn't have any problem to identify this as a key MD level, providing an extremely low risk, high risk reward trade opportunity. DOWNLOAD 30 DAY TRIAL

Chart 3

Precision MDlevel finder, easily detects these key levels at 990 during October and November 2004, the 1060 level in February and March 2005, the 915 level in May 2005, and the spike down to 968p in July 2005.

When trading non trending stocks such as these three examples, one needs an edge to set them up for above average trading statistics, and this indicator certainly provides the tools needed to gain that required edge.