Hi Freehold.The MumboJumbo Indicator is based on Buff Dormeiers...

  1. Bonehead1000
    3,690 Posts.
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    08/12/13
    06:37
    Post #: 12671915
    Hi Freehold.

    The MumboJumbo Indicator is based on Buff Dormeiers Volume Price Confirmation Indicator as seen here.

    http://knowledgebase.mta.org/?fuseaction=kb.resource&kbResourceID=23B3ADFA-DEBB-B6B9-DE2AE2275BA04548

    So in the example of the Mining Services you can when the price is going up and volume is increasing that the trend up is pretty strong. When the price is declining with increasing volume then again it is a pretty strong trend.

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    lightbulb Created with Sketch.  Great analysis
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