TradingView
TintinTrading
Nov 30, 2022 3:38 AM

🟨 Ned Davis - 3 Day Price Thrust  Long

S&P 500SP

Description

The market triggered last week the Ned Davis 3 Day Price Thrust Trigger Indicator - indicator available in my profile.

The Thrusts occur when the S&P 500 rises at least 1.5% for one day, at least 1.15% for a second day, and at least 1.5% on the third day. The record since 1970 is perfect one year later. However, the prior18 cases, ending in 1938, only show 11 out of 18 profitable one year later.

We have backtested this for you and show you the result.

Bare in mind that the FED is speaking this week, which always brings extra volatility.
Comments
TradingView
TintinTrading
@TradingView, ❤️
JoeChampion
you did good!
TintinTrading
@JoeChampion, Thank you!
Solldy
Great post!
TintinTrading
@Solldy, Thank you! Appreciate the support! I have many Quant studies like that - I will add more in the upcoming days and see hpw it measures
PropNotes
Glad this script is protected, and not invite only ✅
TintinTrading
@wolneyyy, Sure! Hope it helps - Ned Davis has amazing studies of technical setups that can be recreated fro TV :)
jayden2016
@. @@##mo@M########
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