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Old 01-25-2008, 11:21 AM
marketguy marketguy is offline
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Re: Bid-Ask Tape Indicator

That would be so cool Blu and very appreciated. The idea of the divergence is to look for negative delta as a bar makes a new high, indicating more aggressive sellers are coming in. And vice versa at new lows - more aggressive buying is entering the market as a bar makes a new low.

This indicator is most useful as price hits a new HOD or LOD or a new high or low in a current major swing.

Thanks in advance,

Bryan

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