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| Courtesy of ChaikinAnalytic.com |
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| Courtesy of ChaikinAnalytics.com |
The two charts above are very interesting. Both went from OS to OB while the CMF was falling. This usually indicates weakness. The Futures are down big this morning and that is not a surprise. The big "but" here seems to be in the action of the RSvsSPY. At "this time" a market pullback maybe considered a buying opportunity "as long as" the RSvsSPY manages to stay relatively in the green area or close to it without a definate move into the red area.
More on this later...
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has been posted for Educational Purposes Only. Do your own work and
consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
hi went thru my list of indicators but no specific with name of overbought/oversold. I understand it's pretty much like an RSI, but is that a version that's proprietary that you made some tweeks on?
ReplyDeleteAlso not familiar with RS vs SPY, what would be a similar indicator that can be found, say on ToS or tradingview platforms? Thanks
Thx for the question. On the ChaikinAnalytics chart he has "proprietary" indicators that I was referring to in the charts that were posted.
ReplyDelete5 windows:
Price chart with a proprietary moving average
CMF - chaikin money flow
OB/OS - overbought/oversold
RSvsSPY - relative strength vs the SPY
Chaikin Power Gauge
CMF and RS are in most platforms, but not Chaikin's OB/OS or Chaikin's Power Gauge, nor the way he charts the RS. That is what he calls his secret sauce and it is.
For more go to www.ChaikinAnalytics.com
Thx !