I am adding to Chris Moody's excellent chart he posted here today at Tradingview.
There appears to be a signal which can register here at the end of this week, once the weekly bar completes.
The BUY SIGNAL is when the DITH (%>200dma in Dow Industrials) pulls back from +80 to the +47 level.
Holding Period = # of bars since the highest high of the last 10-bars. Risk = 10 week highest high down to the entry price.
The SELL SIGNAL is when the DITH rises from the 20 level back up to the 47 level. Same holding period and risk measurements.
This is just my initial work upon seeing this fine chart that @ChrisMoody has shared with all of us.
Tim 12:14PM EST, Feb 5, 2014
There appears to be a signal which can register here at the end of this week, once the weekly bar completes.
The BUY SIGNAL is when the DITH (%>200dma in Dow Industrials) pulls back from +80 to the +47 level.
Holding Period = # of bars since the highest high of the last 10-bars. Risk = 10 week highest high down to the entry price.
The SELL SIGNAL is when the DITH rises from the 20 level back up to the 47 level. Same holding period and risk measurements.
This is just my initial work upon seeing this fine chart that @ChrisMoody has shared with all of us.
Tim 12:14PM EST, Feb 5, 2014
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