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AD I never ignore his CBI, never, not even for a minute! Not even for a second!Al_Dente wrote:ROB HANNA...I can't replicate his CBI, so I usually ignore it
thanks bossDaniel wrote:AD I never ignore his CBI, never, not even for a minute! Not even for a second!Al_Dente wrote:ROB HANNA...I can't replicate his CBI, so I usually ignore it
It's one of the best bottom-tracking indicators I know of, and he deliberately doesn't make it obvious how it's constructed. But there IS detailed info about it and how it's derived on his Q Edges site.
Basically it measures the 'breadth' of individual stocks that are in states of "capitulation" as his algorhythm defines it. Above a certain level, then dropping from there, is usually a good time for bottom fishing.