How to redirect blog from one blog to another

This post explains how to redirect your blogger (blogspot) blog/website traffic from one url(address) to another:-
Suppose you have a blog(xyz.blogspot.com) which have some decent amount of traffic and you are not going to use that blog anymore(if it is banned from placing ads due to some reasons by some affiliate programmes like adsense,adbrite,etc).
But,you don't want to waste that traffic.So, with this redirection process, the old blog visitors will be redirected automatically to your new blog address or your own domain name if you have registered it(something like abc.com) so,your traffic won't be waste

So, how to do this?
If you are using a NEW BLOGGER TEMPLATE, do this:-
1.Sign into your blogger dashboard.
2.Click on the layout link>Edit html
3.Copy the below html code and Paste it before this code
Search code

<b:include data='blog' name='all-head-content'/>


Redirect code
<meta equiv="refresh" content="0;url=http://newblogaddress.com/">
</meta>

Don't forget to replace the newblogaddress in the code with your destination url(address)