The indicator on the bottom relies on a point system with 4,100 points as the max (because I've haven't bothered to normalize). when it stays at 4,100 points and remains elevated, the background will become pink and the barcolors will also turn pink. This is how it determines market tops. The past 2 of 3 "market tops" have been bad sell offs. Just sayin.
GE's not been so hot lately-- but that's only because it's been busy working overtime, creating this wonderful breakout wedge! Sell target looks to be $10. Everything in the stock market looks like a breakout.
Nice flattop breakout setup here for ES minis (futures) and SPY in general
Some great vaccine news as US prepares to vaccinate the American population with 100M doses worth up to 2Billion USD and supplied by Pfizer and BioNtech!. The resistance line that PFE was under represents a long term hard resistance since 2018. PFE might go a lot higher now, perhaps as high as Moderna.
These lines represent the plotted EMA angles of SPY(close, 100) and SPY(close, 200). What is interesting about the current cycle is that it is behaving exactly like the cycle from 2019 ---where the white line begins higher than the pink at the beginning. This pink line is nothing more than the (difference) between between the other lines. If things continue as...
Revlon is currently at a downtrend support line. Two things need to happen on the indicators before I pull the trigger : 1) The macd thing needs to turn neon green. and 2) the pink indicator thing needs to not be pink. But even looking at the trendlines, I won't be surprised if it shoots up from here. I will update once situation improves. Looks promising for the moment.
Closing in on the bear market bull run! SPY broke past technical levels today, which means more upside to lagging small caps. Analysts from JPMorgan have speculated on hitting price targets of $20-30 since 2018-2019 and I think it will be now or never.
Introducing the Chop Zone 10k. This is an improved version of the Chop Zone 9000 and includes "RSI-like" lines but this is not RSI-- it's better than RSI. There are 5 lines and as the selling begins, 4 of the 5 split into positive and negative dualities, resulting in very hot "do not touch" look on the chart. If you do touch it while it's hot, you may get...
Today I took the data from "Bunch of Numbers" and gave them different weight values with 7's having the most weight. I then took the formula and made it the "source" for the MACD inputs. This is the result from a super simple "short when = long, and long when = short" spam strategy. The MACD now behaves like a binary switch that turns on and off.
The algo that I’m working on creates super messy charts to discourage people from buying. The goal is to time the market, and the way this chart works is to buy only when the background is completely white. If there are lines and bars all over the place— you don’t want it. This indicator will be for investors whose strategy is to buy and hold for max gain and...
So previously, I released an indicator called "Bunch of Numbers", believing that it was pretty useless. BUT guess what? It turns out that SPY gappers (up and down) have pretty similar sequence of numbers. WARNING: these same numbers have also caused SPY to gap down!! A "Bart" pattern with these numbers at the end will almost always be a gap down. My...
so there is this sequence of numbers that I have been curious about. Since I’m close to blowing up my trading account, I thought I’d check it out. It starts with a 9 on top with a 1 and 3 on the bottom. The candle color is lime. I dig into the pine editor and do a background plot of all candles with 9's on top; 1 and 3 on bottom, and they had to be lime colored...
This thing is a complete masterpiece. I took the buy and sells from Lambo Script and plotted a background so I could see where it was buying and selling. As I was cleaning up the code, it dawned on me that I did not need multiple conditions for buys/sells. I only needed at 4 at most. This is a visualization of how it buys and sells. It looks almost like the Heiken...
I spent a week curve fitting Lambo script for the SPY/ES futures market and today all the parameters hit the sweet spot with super high profit factor. I did it by severely limiting the script's ability to go short. All metrics for trade entering is very specific with longs operating off a 300 moving average and shorts operating off a 120 MA. I used FRAMA as the...
Before I release this indicator into the wild, I am currently implementing an "early warning" system. What it is designed to do is give people the chance to exit the market before things turn sour. The lead time between the yellow spike and the indicator turning red is between 1-3 days. It only appears on charts with significant volume/liquidity.
This indicator is the EMA angles of 50, 100, and 200 periods. When the 200 (blue line) is greater than the 50 (white line), things usually go south.
The pattern we are in looks a lot like the pattern that was created the beginning of June. However, I believe that it would only take one news story for the market to top over and repeat the pattern from June 10th.
Found some patterns that repeat using this new indicator. The pattern is usually some random number on top (the numerator) with 2's on the bottom (denominator). Following this series of 2's is usually a big huge rally. This pattern can be found on every time frame. Here are more charts with the number 2.