ThinkScripter » TDPressure http://www.thinkscripter.com thinkScript Indicators for thinkorswim Sun, 29 Jan 2012 16:11:22 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 DeMark Pressure Ratio http://www.thinkscripter.com/indicator/demark-pressure-ratio/ http://www.thinkscripter.com/indicator/demark-pressure-ratio/#comments Fri, 14 Aug 2009 00:46:18 +0000 ThinkScripter http://www.thinkscripter.com/?p=1536 Continue reading →]]> I’ve had several requests to code various indicators designed by Tom DeMark and here is one such study. The DeMark Pressure Ratio indicator seeks to quantify accumulation/distribution through a combination of volume and price action. The short entry is indicated by the oscillator exiting from above the overbought line at 75 with the long entry indicated by a rise above the 25 oversold line. Also pictured is the soon to be released ThinkScripter Volumetric Trendline study which automatically plots in real-time a volumetric trendline for the user selected period. Pictured on this chart of the /ES are 20, 55, 110, and 250 period volumetric trendlines. Stay tuned :) Both studies will be added to the member’s bundle this weekend.

TD Pressure Ratio

TD Pressure Ratio

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