tristan.rhodes
Short

SPY still giving multi-year SELL signal, based on MACD

AMEX:SPY   SPDR S&P 500 ETF
51 1 1
A month has passed, and the July candle didn't change the SELL signal of this indicator from the previous month.

I did make some minor changes to the MACD values, which provided a slightly better buy signal at the market bottoms.

I intend to update this algorithm (which I call TATS1) at the beginning of every month. If the markets rise enough to remove the SELL signal, I'll update you here.

Lastly, I am considering programming a custom indicator here on Trading View that will automatically show when to buy and sell.

Cheers!
obamasyoyo
2 years ago
please put me on your algo list! thanks in advance.
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