The Demand Index combines price and volume in such a way that it is often a leading indicator of price change.
Demand Index is developed by James Sibbet. When calculating this index the prices and volume are used. This index is considered to be a leading one. In this version the index is vary from +100 to -100. In other aspects the index calculation is precisely repeats the author's version.
There are six rules for the Demand Index:
Author: Nikolay Kositsin
The Demand Index have a bug.
To see the BUG you must plot only the Demand Index over a curenncy (on a high time frame or in weekend when price values don't change).. Note the last value of de Demand Index (for the last bar).
Now plot another indigator on the same chart. You will see that the last value has changed.
Why this happens ???!!!?!?!!?
I looked in the indicator code but I could not figure out what the problem is.
Can someone help please???