Daily floor pivots on the Russell futures, the TF. I extended the lines. A caution, as a wise man said, if you have enough lines on a chart price is bound to hit some.
Second study is the comparison of a Chandelier stop to the Chandre Knoll stop both at 4 ATRs on a 10 bar average.
DAILY
Oddball that works:
The McClellan Oscillator on the miners AD has done fairly well signaling GDX moves.
It said sell last Wednesday, when price and volume were still trying to decide if they could best the 200sma (gray, bottom panel)
Oscillator is EOD as of Friday’s close
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:DAILY
Oddball that works:
The McClellan Oscillator on the miners AD has done fairly well signaling GDX moves.
It said sell last Wednesday, when price and volume were still trying to decide if they could best the 200sma (gray, bottom panel)
Oscillator is EOD as of Friday’s close
Al_Dente wrote:DAILY
Oddball that works:
The McClellan Oscillator on the miners AD has done fairly well signaling GDX moves.
It said sell last Wednesday, when price and volume were still trying to decide if they could best the 200sma (gray, bottom panel)
Oscillator is EOD as of Friday’s close
Thanks Boss, will have to watch this indicator!!
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
follow up
SPY (purple), equal-weight SPY (pink), and all sectors equal-weighted and smooshed into one symbol (gold)
Simple overlay, not percentages, daily
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:DAILY
Oddball that works:
The McClellan Oscillator on the miners AD has done fairly well signaling GDX moves.
It said sell last Wednesday, when price and volume were still trying to decide if they could best the 200sma (gray, bottom panel)
Oscillator is EOD as of Friday’s close
Thanks Boss, will have to watch this indicator!!
Have you noticed this indicator useful, sometimes, to watch on the other sectors?
te_fern wrote:
Oddball ..........The McClellan Oscillator on the miners AD
Thanks Boss, will have to watch this indicator!!
Have you noticed this indicator useful, sometimes, to watch on the other sectors?
Other stuff I just use the regular McClellan Oscillators like !MCOSIRSPX, !MCOSIRNDX, !MCOSIRSML (or nymo, namo, etc)
But there’s no straight McClellan for miners, so I use that one (AD) for miners. It's the same setting, just on the AD.
See if u can find something else AD where we can test it
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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te_fern wrote:
Oddball ..........The McClellan Oscillator on the miners AD
Thanks Boss, will have to watch this indicator!!
Have you noticed this indicator useful, sometimes, to watch on the other sectors?
Other stuff I just use the regular McClellan Oscillators like !MCOSIRSPX, !MCOSIRNDX, !MCOSIRSML (or nymo, namo, etc)
But there’s no straight McClellan for miners, so I use that one (AD) for miners. It's the same setting, just on the AD.
See if u can find something else AD where we can test it
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.