Precision Trading Systems is a part of the NinjaTrader Ecosystem
Demand Index by James Sibbett for NinjaTrader 8 BP |
|
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
|
|
Demand Index for NinjaTrader 7 and 8 shown below on recent data (E-mini SP500 Futures) |
|
|
|
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. Read about five new rules for using Demand Index |
|
|
|
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.
|
|
|
|
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. |
|
|
Demand Index can often help you identify the direction of a tight rangeAbove 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. Read about five new rules for using Demand Index
|
|
|
|
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. |
|
Which markets can Demand Index Finder be used on?
Which markets cannot be used with Demand Index?
Read about five new rules for using Demand Index
|
|
List of other NinjaTrader products from Precision Trading Systems.
|
|
Demand Index by James Sibbet for NinjaTrader 7 and 8 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 NinjaTrader 7 and 8
Author: James Sibbett, coded by Precision Trading Systems. (Protected code) Making life simple for traders. |
 |
 |
|
Precision Trading Systems is partnered with MultiCharts and part of the NinjaTrader Ecosystem |
||
|
|
|
|
|
Precision Trading Systems is provider of the following |
Introduction |
|
Precision Trading Systems is partnered with MultiCharts. Precision Trading Systems is part of the NinjaTrader ecosystem. Systems and Indicators for Tradestation, NinjaTrader and MultiCharts. Top quality paid & FREE trading systems and indicators for most platforms Members can receive some paid products completely FREE Roger Medcalf is a vendor on the Tradestation App store Roger Medcalf is a vendor of products of MetaTrader 4 Free to play Trading IQ Game with generous PRIZES from our sponsors. |
 |
Futures, Forex and Stock trading contain substantial risk and are
not for every investor. An
investor could potentially lose all or more of the initial
investment. Risk
capital is money that can be lost without jeopardizing ones
financial security or lifestyle. Only
risk capital should be used for trading Only
those with sufficient risk capital should consider trading. Past
performance is not necessarily indicative of future results.
RISK
DISCLOSURE
| HYPOTHETICAL PERFORMANCE DISCLOSURE |
|
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
|
