Ok, I changed the settings for the summations formula just a little bit to adapt them to my 60 min system.
Basically I used 1% and 0.5% coefficients instead of 10% and 5%. Provides a bigger picture.
This is what the bigger picture looks like applied to daily charts. ( I wouldn't daytrade futures based on that, but for perspective purposes works fine)
Not exactly an Awe inspiring sight. But it may cross up its 50 EMA So who knows. However bigger theme is still negative.
Second chart is a zoom in.
Once again, I stand by my opinion that absolutely all FA, TA, and any other A are meaningless until we get Fed and ECB meetings out of the way. Until then no bigger picture conclusions on the market can be made.
Daily volume summations... another perspective.
Started by
ogm
, Aug 16 2012 09:52 PM
No replies to this topic