Direxion Daily Gold Miners Index Bull 2XSharesArca
Description
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Oddball indicators for entertainment purposes only. This is best used on daily chart.
Look at the 20 ALMA to gauge likelihood of stock following its up or down gap. - if above the 20 ALMA , follow the gap direction - if below the 20 ALMA , take counter trend trade
If stock gaps up AND closes higher than it opens, that gain % (close/open) is colored green and if stock gaps down and closes lower than it opens, that gain % (close/open) is colored green
Conversely if the stock gaps up BUT closes lower than it opens, red and if a stop gaps down but closes higher than it opens, red.
Enjoy and follow me on twitter @OverratedTrader for more nonsensical and out-of-the-box ideas.