I have up loaded the Market Thrust indicator for TradeStation onto my Google Site. The indicator can be accessed here:
http://sites.google.com/site/redliontrader/market-thrust
Fell free to download the indicator and use as-is.
At some point in time I will write up info about the indicator, but in general if it is pointing up.. the A/D and Adv./Dec. Volume are in alignment and the market is in a bullish trend, pointing down is a bearish trend. When it is moving opposite the market, a divergence, trade the market with caution.
One observation is that in the last hour of trading the indicator often diverges. I have never investigated that, instead I don’t use it after 3pm.
Have Fun.
Marlin aka: RedlionTrader
