XJO 0.88% 7,959.3 s&p/asx 200

friday noir, page-60

  1. 17,444 Posts.
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    In the top indicator I have explained the blue line as the 20 day average of closes minus opens which still shows over estimation of daily performance.

    The yellow line is 20 days of +1 for an up day (closes only) and -1 for a down day.

    Neutral is not zero for either of these indicators but not far away.

    These are good trend indicators when they work in concert.

    Sometimes you get a large degree of seperation with one well above neutral and the other way below. That invariably leads to a period of waffling about or corrective action against the trend until they closer align.
 
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