Summary

Using concepts discussed by Tom DeMark, this is an indicator that analyzes intra market relative strength. There are three things taken into consideration to determine the strength or weakness of a bar: the close, high, and the low. Then two markets are compared and are used to identify long term turning points. The author of this indicator (who's identity is unknown), seems to think that you will want to use your own entry strategy instead of this as an entry indicator/strategy

Screen Shots

Usage

The indicator will diverge in plenty of time to the actual turning point, it will identify the strength or the weakness way in advance. You will need to formulate your own system to identify entries. This can also be useful if applied to Advance/Decline charts. If you have any extra details on this indicator, please post a comment below with details

Downloads

Buy Sell Pressure Indicator (ELD and Workspace)

Happy Trading!

Tags: B, Buy Sell Indicator, Forex Indicators, Futures Indicators, P, Pressure Point Indicator, RSI