Indicator - NVDI
Function - NVDI
Category: Volume based > NVDI
This is a new technique for identifying and quantifying negative volume disparity. The indicators appear to be effective in indicating market turning points, judging from the results of the simple systems devised.
This indicator is suitable for sophisticated, value-oriented investors.
Buy when the four-week simple moving average of NVDI rises through the 0.95 level.
Sell when the four-week simple moving average of NVDI falls through the 1.1 level.
IF CHECKALERT THEN BEGIN
IF PLOT1 CROSSES ABOVE PLOT2 OR PLOT1 CROSSES BELOW PLOT2