This guy has very interesting indicators: https://bacontrading.com/tension/
Does anybody have a replica?
Does anybody have a replica?
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Hey Ben how did you get that as a line? Also, do you think it's possible to make a label with that?I read through that page and don't see any description of how the indicator was created or what components it's using. So impossible to re-create unless you can do so just by looking at their pictures. However, I suspect that it's using an index or the like to gauge for market direction.
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Here is an example, using $VOLD to figure out if the up and down volume in the New York Stock Exchange correlates with $SPY's direction. I use $VOLD to find divergences.
That's my two cents of how I would use it.
- If $VOLD is up but SPY is down, then most likely there is a dip-buying opportunity.
- If $VOLD is down but SPY continues to move up, something isn't right, I would short
@john3 you have any luck with this?
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