Pascal,
A few days ago you responded to an inquiry about how you calculated a short-term OB/OS indicator. Is this something you could put in graphical format and post daily on the site?
Thanks,
Adam
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Pascal,
A few days ago you responded to an inquiry about how you calculated a short-term OB/OS indicator. Is this something you could put in graphical format and post daily on the site?
Thanks,
Adam
The Overbought/Oversold Indicator is posted daily. It is the third box (scrolling down) under "20D MF".
Dallas,
I believe this is a longer term indicator. I'm referring to a much shorter OB/OS indicator that Pascal described last week.
Adam
This is the description as provided by Pascal last week:
The IWM robot uses a combination of the 5D price average and the TEV extension above or below its average.
These two elements must be put in the context of a weak bounce within a 20DMF short signal.
Therefore, IWM was overbought in such a context. If we had been in a LT buy signal, then this short term signal would not have been overbought at all.
Pascal, are we now in a ST overbought condition?