The chart above is for an experiment based on peak linear regression. The two main support zone above were established by analyzing historical movements based on regressional trends. The 16k zone represents the possible standard deviation zone, while the one below represents the regressional mean to the peak.
The Peak Momentum indicator below establishes momentum based on linear regression calculations. As you can see it is showing the DJI momentum has currently peaked and a small bear div has formed. However this does not mean that we could no form an additional higher high.
The RMRO indicator above, is there to measure the average true range. Generally speaking the price almost always returns to the mean. While doing so, the price usually follows suit. Therefore, based on the first crossover on the RMRO, it leads me to believe at bear minimum we should have some consolidation.
I hope of all enjoy this little experiment over the next several months or maybe even years.
If you have any questions, please feel free to leave a comment!
@oh92, I havent, i think i read the notes but felt like it didnt tell me more than what MFI, P%Osci, & Acc/dist ratios already tell me. The Demark has been freaking solid in both crypto and stocks. obviously not 100% but very good indicator of sell exhaustion or over buying. No one on here has a good one though at least that they share.
Tone Vays guy is the one that maintains one thats not on a Bloomberg terminal.
gnosis7777
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@stinkbug, Tone Vays is an idiot and is consistently wrong, then he blocks whoever calls him out for being wrong 70% of the time. If you listened to Vays you would have bought the top of bitcoin @19k, and bought the Dow & S&P at ATH a few days ago. Then he attempts to backtrack and scrub all of his wrong calls.
@gnosis7777, I respect your view, but first off you shouldn't listen to anyone for investment advice or at least not act on it. I do think like many ppl out there they offer good content and you can pick up good tips from all of them and build your own ways of trading. I've learned a lot from watching Tone Vays and about 10 other traders online and even ppl here on trading view.
Do i follow everything they say ABSOLUTELY NOT, i do however listen to their stories of experience and try out their tools.
Whatever you think of the person doesn't mean they have nothing to teach.
On the indicator, thanks for sharing, i am currently using a free one also which is awesome but the guy doesnt share it with anyone. I will check out the one you suggested though. In the past i had checked out about 3-4 TD scripts and they were always off by a day or so which could make a HUGE difference. The reason i tell ppl about TOne Vays version is because hes the only person i know that is constantly Updating the code. And i match the free one i use to his videos, which still works.
Lastly, ive used the TD indicator as Tone suggested and its pretty freaking remarkable how good it works, doesnt mean im his Fan boy or love the guy, i just tried out his tool and found that it was effective thats all that means. I've also had good success with Depthhouse indicators and other ppls stuff, doesnt mean they are stupid or geniuses just means they have experience and are sharing information.