Does the bullish chart look equally bearish in the other chart?
Or does the bearish chart look more bullish in the flipped chart?
Do the colors of the bars (Bright Red versus Darker Red) change your opinion at all?
Be aware of LONG or SHORT bias by inverting your charts.
See if it helps.
Tim
Comments
LastBattle
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left!
Justiceisfalse
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Fantastic! Thanks for that! Looks stellar
vjland
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good points. I am just curious, the up-side-down, how did you do it?! :D
LastBattle
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Just do
1 - symbol or 1 / symbol
aime
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Im glad to see an idea i had by myself is being used by a pro..This always helps to clear my Bias ...INVERTED AAPL looks bullish or better yet in reality bearish...My bias on the overall market and AAPL is to the downside..I guess we shall see though.
Justiceisfalse
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Regarding red bars: there are a few studies published that go in to detail about how the negative bias is increased with the use of red bars. I have tried to swap out red for other colors to see if it affected my PnL - nothing major but worth trying.
The inversion tool is key. Today is a great example on the SPYSPX500 as we rejected the 50sma. In previous times that would be a dip buyers paradise. Today that should be a rip sellers paradise but I doubt many will actually take it. However, if you invert that chart...... dip buyers!
LoneFox
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Whats the name of the indicator that shows you those blue bars on the right?
juliansf
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It is the Volume by Price indicator, which is only available for Premium and Pro users as part of the VolumeProfile tool.