I am not sure the ADL indicator is much use for a Forex pair. By measuring this line against the SP500 will give that "extra vision" of filtering the index influencing stocks to get a deeper view. I am not a practitioner of this indicator but the power is the divergence between a rising index and a falling line suggesting that heavy index weighted stocks are giving a misleading view since index is a very generic measure of strength or weakness in the equity markets.
I'll play with trading view.com since I have not found a charting package offering this indicator cheaply.
- Forums
- Commodities
- GOLD
- Gold Surges To 4-Month Highs
Gold Surges To 4-Month Highs, page-841
-
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity