by nookie » Fri Feb 02, 2018 2:46 pm
Somehow the logic of this NSND indicator is not working, is it possible to be made like the below ?
No supply: If bar is closing less than the previous two bars (or candles) and a spread of this bar is narrow compared to the previous two bars with the price closing in the middle or high of the bar, with volume less than the previous two bars (or candles) this indicates that there is ‘No supply’ bar.
No demand: If bar is closing higher than the previous two bars (or candles)and a spread of this bar is narrow compared to the previous two bars with the price closing in the middle or low of the bar, with volume less than the previous two bars (or candles). This shows that there is ‘no demand’ bar.