Now that the SP500 has lost trendline support and fallen out of the uptrend channel we can start looking for lower support levels. Friday saw price close lower on coronavirus fears which was anticipated coming into the trading week as the virus continues to bring China's local economy to a slowdown, and in turn should begin to send ripples through the global...
Bitcoin is holding above the $8,000 level as expected in the previous chart with room to spare since actual support came in higher around $8,200. Expected next move is toward upper resistance near $9,200-$9,350 which stem from previous resistance and breakdown levels.
SPX has gapped down this morning on virus fears and is now trading under the Kijun-sen line as well as the main uptrend line that has been propping up price during this recent rally to new all-time highs. The PPO is in a bearish cross, but remains above the 0 level which means any pullback can be viewed as bullish until that center line is violated. The RSI...
While equities have been putting in a series of bearish rising wedges, gold has two successful falling wedge breakouts on the daily chart and is looking good for a move above short-term resistance at $1,600. Price indicators are both showing a bullish trend and momentum behind price with a new advance likely coming this week. Main thing we want to see on any...
We've got Bitcoin rising above a bullish TK cross, a recent Kumo twist and bullish leading cloud, as well as a Chikou Span that is above previous price and cloud, which all combined indicate a healthy looking chart for Bitcoin. The Price Percent Oscillator is showing the PPO line hovering just above its signal line, need to watch here for a potential bearish...
Upwards breakout rejected. Short down at least to lower support line, in the $2.75 region depending on its rate of decline. Bearish cross on the daily Stoch, RSI very over sold. PPO moving down with some bearish divergence. Also remember that a rising wedge, particularly after some strong downward movement (as has just happened with PONY) is a bearish trend, and...
AID provides an opportunity to open long position. Awesome Oscillator, Momentum (10), MACD Level (12, 27) are in buy state. EMA suggest there should be consolidation which is confirmed by Stoch RSI.
However PPO correlation with the price trend shows the price should penetrate Ichimoku cloud and hit its upped edge. Willingness to move higher is confirmed by...
USDCAD has potentially completed a long term bullish impulse followed by a 5 wave "a" and a 3 wave "b" correction. 1 and 5 waves show similar price ranges on two different degrees of impulse adding to the probability of the rally being ready for a corrective move down. Channel resistance may also add to bearish bias. There has also been a breakout from the...
CM_Laguerre PPO PercentileRank - Markets Topping
Original Laguerre PPO code was Created by TheLark.
I found if I applied a Percent Rank of the PPO to view Extreme Moves in the PPO it was great at showing Market Tops.
Features via Inputs Tab:
Ability to set all PPO Indicator Values.
Ability to set Warning Threshold Line Value and Extreme Percentile Threshold...
The fundamental indicator list of TV actually lacks Percentage Price Oscillator, although it is described in the support pages at www.tradingview.com(PPO).
In the chart you may find the Pinecode for PPO, which is calculated by using ALMA instead of EMA. It acts as a better alternative to MACD, and the MACD related trading strategies may be used with PPO as well....
