Previous blog post, I demonstrated how the new indicator "Looking for no demand for shorting" from the below post, if you miss it, click here >> http://volume-price-spread-for-metastock.blogspot.com/2011/02/new-developed-indicator-that-inform-you.html
Above is another stock that triggered the expert indicator sometimes back, the black diamond is
specifically used for this alert. You will see this often in the future. As you can see, after the black
diamond triggered,I had to wait for potential weakness on the next few bars to warrant a short sell. Immediately after the black diamond, we could see that the next alert was "Lack of Demand" and this confirmed the weakness. But shorting should be done only the next bar if it closed was below the
pivot level of the "Lack of Demand" bar. Indeed, as shown above, the next bar closed much lower
than the"Lack of Demand" bar and warrant a short sell. This is no coincidence, with a trading system
that alerts me on possible future event to look for, make trading fun and interesting to be.
