Quote Originally Posted by Rembert View Post
Thanks Billy. Another usefull tool to add to my trading arsenal. It's a bit like VWAP. At first everybody used it only for intraday trading until some people noticed it is also usefull on a longer timeframe.
It is even more powerful than VWAP at times of record high correlation among all stocks like now.
Today's development is very interesting and important on this IWM pullback while cum TICK is testing now the full-day average, holding above the half-day, and making a positive divergence with price.
Price itself is holding above intraday VWAP. This could be the first clues that a double bottom has been successfully tested. If only we had a RT 20 DMF to see what large players are doing RT!!!
Billy
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