Example 3 - Shown is a 3-month Daily Chart for NCM for the Australian Market. Only the second of the four trough signals was false and the other three proceeded significant price rises. Trough 2 was clearly recognised as false as the price trend was downward. The trough signal should be...
I have been working on a new indicator that can be used as a Stock Screener.
VPRS - Combines Volume and Bar Chart Signals into an Index.
The indicator uses the following components.
=> The absolute rate of change of volume as a percentage
=> The relative position of the close on the...