Discovered this really cool indicator. Blue line = cross under 15 & Yellow line = close under 15. Im using heiken ashi candles for this analysis.
This is just a custom breadth indicator I put together and honestly its used better if you are only looking for divergences. This is one of the best divergence indicators i've discovered especially with heiken ashi. feel free to ask any questions
This is just a custom breadth indicator I put together and honestly its used better if you are only looking for divergences. This is one of the best divergence indicators i've discovered especially with heiken ashi. feel free to ask any questions
Comment:
It doesn't always nail the bottom, but definitely a sign we are getting close to a local bottom. This doesn't mean we can't waterfall down from this point (although probably not that likely), but I'd definitely keep my eye out for a Higher Low on this indicator