James,
Regardless of the form this indicator comes in, do you believe that watching for divergence in price versus the OSC is valid for entry near S/R. In other words, is this indicator a true representation for buying and selling pressure? I'm fairly new to trading and have been interested in trading more via price action than with indicators, but in looking at this indicator is seems to do a good job of displaying possible change of direction via divergence fairly well. Am I accurate in my assumption? If so, it seem extreamly powerful.
On another topic I believe you use Market Profile in your trading. Correct me if I'm wrong. Can MP be as simplistic as using
VAH,
VAL and
POC's as support and resistance and watching how price behaves in these areas and trade accordingly, or is it/does it need to be more complicated than that? Thanks.
David