Intraday trading the Nasdaq with the TradersHelpDesk indicators gave two great entries into the downtrend using low risk with volume analysis.  The ADX indicator made a magenta peak, retraced back to the average true range stop and the Directional volume indicator showed that buyers were not coming into the market.

Intraday Trading the Nasdaq

 

Intraday Trading the Nasdaq

The Directional Volume indicator easily identifies when price makes a high, low, inside bar and outside bar.  Then it plots the total buyers and total sellers per bar with an identifying delta that shows you who controlled price at the end of the bar.  We then look to the price bar to confirm that the buyers or sellers truly did control the bar.

This morning in our free trading room, Gail pointed out that price was testing the average true range stop on the 720 minute and this would have an impact on intraday trading today.  The resulting downward movement on the lower timeframes were the result of a failed test of the average true range stop and indicated the downtrend today.