IMUGENE CHART. TA only, page-33185

@slick and others

I am probably a lost cause on conversion of the full power of the classic oscillator as my brain struggles with the candlesticks and wicks process but I took up the suggestion previous anyway and examined past data streams using different Bollinger settings. Your encouragement to explore not wasted however as the effort introduced me to another side of Donchian Channels. Using my preference for true range and moving averages I customised the Donchian envelope (did you really expect anything less from me ) and then I overlaid it with a 10:10:1.50 bandwidth indicator. When used in conjunction with my bias for polynomials I am now able to better visualise and identify any intraday and weekly trends than previous. But that is just me though and purely the way my brain interprets things and others will also be different again. Without looking more closely at Bollinger I would not have looked further slick so thanks!

Back to the Charts - I thought I had the wrong room and had found the one marked Freud for a moment, when applied to EOFY charts for IMU I see how recent trading has closed in on its true range peak which when viewed in combination with an uptick in the Bollinger band width volatility line acts as signal to me for a potential down side consolidation of SP in the near term. Presence of any disconnect between supply and demand that we have witnessed over the last six to eight weeks does however appear to have largely dissipated as the gap between the high and low channels has closed indicative of a market that once again primarily await direction from the BOD. Chart of my data feed below. GLTAH however you may trade heading into a new FY, stay safe and enjoy the weekend. My opinion only of course!