Indicator

[tonto4j]

I'm looking for an indicator that determines when the ES market is over extended. Example, when the market is getting close to making a new high or low for the day. Is there enough money flow to push the market into making another strong push up or down. Or as the market is close to making a new high or low, the indicator will show that there's not enough flow or strength to make another good push up or down. The market is over extended. I'm using the stochastic indicator now, but with the different studies you can use. I cant determine when the market is over extended, or its strong enough for another good move.

[NinjaTrader_CodyB]

Hello Tonto4,
I am unaware of an indicator being publicly available. We may have a partner that makes such an indicator or could develop this for you. If you would like more information on our partners please let us know and we can have our partner affiliate provide you with more information.