Quote from ammo:
well if you toss in the dow, the djt, the eur/usd ,nq, tick,and the advance decline in stocks and stock volume, and they are all moving higher , and breaking there tl's ,then you don't short , but if they have all respected there's and possibly started coming back down, or perhaps not rallied at all, this indicator if you want to call it that, gives you a little or a lot more conviction to enter a trade, using the s/r lines on all of those indexes
Too much redundancy if you ask me, most move at the same time, as these markets are too efficient in relation to each other, including market internals, and if there's some sort of divergence some days one will catch up to the other (which you never know for sure) and others, the indices will chop like hell.
There's no edge in the above.