I recently came across Float Analysis as an indicator. I am very intrigued by it. However, Call me skeptical ... I just don't know about its merit as a stand alone indicator. I have been doing some of my own testing of it. To me it looks promising when used in combination with other indicators...
I've been using StockShareV2 with Steve Woods Float Analysis. I
think it works great in combination with Fibonacci Confluence.
Anyone else using it?
What do you think, I'd like to know.
mdjsbfamily
I can't say that I use a home made indictor ... but it sure is unique one.
I trade with "confluence". Confluence is the natural area in which 2 ABC standard Fibonacci retracement trends has a tendency to migrate to.
I use an EOD program called StockShareV2 to do this...
I follow the the swing guide lines from the radio talk show host / author Tom O'Brien. His basic concepts combine price and volume.
1) When a swing high price is broken on higher volume ... this is confirmation that the stock price wants to go higher. (High demand)
2) When a swing high...