This is a new indicator coded to detect failed base testing from the professionals.
Professionals are constantly probing market base so that they know they the particular stock
is ready to move up by flushing most of the sellers.
A successful test base would mean that the sellers may have given up and the selling power have
reduced significantly, this is usually detected by another expert indicator, "Reduced Selling Pressure".
So when test base is successful, usually we will expect price starts to move higher or sideway.
This indicator provides a quick overlook of what the professionals are doing and thereby providing me
with the ample time to react alongside with the professionals to take advantage of the market inefficient.
SGtrader
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