I just revisited the indicator "Volatility calibrated ATR" on TradingView.
The author goes by the name "bitmexstorm".
In the Nasdaq 100 / NDX, the results on timeframe "daily" have been very good in the past.
I've discovered that whenever a sell signal was taken on the upside, the sell signal level was often a price floor for the NDX and another great buy signal if you had missed the original buy signal.
Right now, this price floor is at around 14,000 - 14,360 points.
This may become another great buying zone if we fall from current levels (Futures contract currently at around 15,117 points).
Why do those long / buy signals work so well ? It's because the US stock market has an upward drift, and this indicator seems to catch upward moves well after sell-offs.
The author goes by the name "bitmexstorm".
In the Nasdaq 100 / NDX, the results on timeframe "daily" have been very good in the past.
I've discovered that whenever a sell signal was taken on the upside, the sell signal level was often a price floor for the NDX and another great buy signal if you had missed the original buy signal.
Right now, this price floor is at around 14,000 - 14,360 points.
This may become another great buying zone if we fall from current levels (Futures contract currently at around 15,117 points).
Why do those long / buy signals work so well ? It's because the US stock market has an upward drift, and this indicator seems to catch upward moves well after sell-offs.

