So I am working on a second version of IRRI which would have fewer false positives.
IRRI aims to indicate upcoming UP-to-DOWN reversals and not give false sense of complacency when RSI seems sufficiently down-corrected after a short selloff.
It would seem that the current MSFT chart is a good use-case for this.
I'd appreciate your feedback using the indicator.
Is an update of the original idea.. the price FX:EURUSD is "stable" at the last days, but the last was a doji and now is presenting a bear candle, the 1D volume weighted stochastic show a exhaust bull trend.
The price at heikin Ashi show an undecided action price (a end with doji in hekin is not undecided) and indicators with a overloaded uptrend.
The plan...
Some days ago i see NASDAQ:CSCO walking with dante, but if we put attention the price is rejected by the 22.75 zone one and other time and is describing a big flat bottom triangle pattern, and very nice to navigate inside of this.
The volume is reacting now and indicate the same risk than the Stochastic - and the price - in this days can re-test the 28.5/29...
i see the next at NYSE:RTN :
The stochastic of volume weighted show a clearly downtrend
present a divergence between action price and volume price weighted
the volume is starting a downtrend and the price have problems to cross the 127 zone
I think is starting to be short.
Ideas, comments or corrections
They are always welcome
i see the next at NYSE:RTN :
The CCI-VSA indicator present a downtrend
present a divergence between action price and volume price weighted
the volume is starting a downtrend and the price have problems to cross the 127 zone
I think is starting to be short.
Ideas, comments or corrections
They are always welcome
FX:XAUUSD is in a bull trend, but the volume weighted has a continuous big black candles in the past days, and the stochastic of volume weighted show and exhaust bull trend.
Ideas, comments or corrections.
They are always welcome
FX:XAUUSD is in an apparent uptrend, but the price-volume weighted is not reacting by the way. The volume has a strong pullback and the RSI present a flat and large downtrend. I think is strong short in few hours or days.
NYSE:KORS present the next symptoms:
is reacting to the 38.2 support line
strong resistance line around 60
the stochastic present an strong and fast bear trend
The price and volume present a big divergence.
The big down at price-volume weighted and the price reacting bull, plus the possible reaction in stochastic indicator meaby will be make a head...
NYSE:KORS present the next symptoms:
is reacting to the 38.2 support line
a "slow" volume weighted CCI have space for too much bear trend
KORS presents a big resistance around the 58/60 level.
The price and volume present a big divergence.
i think in the other analysed scenes and the general ambient and meaby can react to form an head and shoulders...
An speculative idea of NYSE:GD We can see how the volume have a big drop down starting the week, meaby can be a hammer at weekly end, or continue the drop. The RSI (price) have space for a big down and the VSA_CCI is recuperating or simply will be down a "little". The Heikin Ashi of the volume weighted price is forming a descending wedge and is easy the route to...
