GDX Next Buy signal

[Pascal]

As can be seen below, as soon as the MF crosses over the Buy Limit level, a non-confirmed buy signal is produced, together with a confidence level.

As a reminder, this confidence level is a statistical measure of the probability that the intraday signal will be confirmed by the close. This probability is calculated using the distribution of MF variations every day in the past 1260 trading days at different period of a trading day. A confidence level higher than 90% indicates that "in the past 1260 days, 9 times out of 10, the MF variation until the end of the day was not strong enough for the signal to reverse back below the buy limit." A reversal back below the buy limit would cancel the buy signal.


Pascal