Disclaimer : This is for learning purpose. No recommendation of buy/sell.
HHH Corp is currently on an uptrend, with higher high and higher low, and with candles above 20-day moving average. After a downtrend, a consolidation with W shape was formed, followed by an uptrend with N shape formed. During these periods, there were potential chips accumulation as indicated in Chips Master. Stocks price potentially approaching the neckline as presented by previous highest high. Stocks RSI14 value is approaching and comprarable with sector (MYX:TRANSPORTATION) RSI values. Thanks.
Is the banker start to dumping stock or just shaking out retailer.
JK633
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@GoldenTurtle, Hi, the unfavourable part is : lower low was formed and candle was still below MA20 and MA5. The favourable part is : a morning star was formed but volume was not significant, MA5 was showing the sign of reversing up and MA20 was relatively flat (not turning down). It was a technical rebound as of Friday.
jinhansin
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HI, thanks for sharing Kent
I recently started using TradingView, and found your script called MCDx Plus
I wanted to ask that if there are any substitute indicators that is very similar to it, or any indicators that it is based on?
I would research it myself, but I have no clue when it comes to coding.
Thank you in advance!
JK633
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@jinhansin, hi, you can always refer to published MCDX in the public library for reference.