Education
Updated

Indicator that confuses you on purpose

141
The algo that I’m working on creates super messy charts to discourage people from buying. The goal is to time the market, and the way this chart works is to buy only when the background is completely white. If there are lines and bars all over the place— you don’t want it.

This indicator will be for investors whose strategy is to buy and hold for max gain and with minimal exposure to erratic price swings. If you only had a hundred dollars, what stock should you buy? Let's take a confused look at some charts.
Note
snapshot
no to the one above.
snapshot
Yes

snapshot
No to LL above
snapshot
Yes to this LL

snapshot
Where’s a good spot to buy FSLY?
snapshot
When it looks like that

snapshot
NVAX chart has never been a super messy one

snapshot
But look what happens when it cleans up.

snapshot
NIO when you’re not supposed to touch NIO

snapshot
Clean NIO

Here’s NK all cleaned up
snapshot
Note
snapshot
Probably not the best time to invest in SPY.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.