Below is a 1-minute chart where I shorted a breakdown of the Head & Shoulders pattern. Included in the chart is an indicator that represents the Bid/Ask pressure.
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I am not making recommendations to buy, or sell, securities. This site is merely a representation of my thoughts and processes, opinions, and observations. I am not responsible for your trading practices and decision making. All charts are courtesy of TradeStation, (unless credited otherwise of course).
3 comments:
what is this indicator you are using?
gilad,
This indicator is a Bid/Ask-Pressure indicator (found in Tradestation forums). It's not something to use strictly for entries/exits, and it only plots in real-time (so you have to have it on one chart running all-day), but I wanted to play around with it and see how it performs. Here's the link if you have tradestation;
https://www.tradestation.com/Discussions/Topic.aspx?Result=1&Topic_ID=54375&SearchTerm=Bid%20ask%20pressure&txtExactMatch=
-todd
Not sure the link worked, if you'd would like I can email it to you.
-todd
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