Monitor of oversold/overbought conditions - rising/falling volum
1 step - - calculate difference between rising anda falling stocks and ETFs
2 step - - calculate 9-period moving avverage
3 step - - calculate bolinger bands (i use indicator "BB Percentile Suite")
Usage
Overbought when last 9 days prevail voumes on rising stocks. BB in upper threshold.
It means that the crowd already bought a lot of stocks. All - optimists. So - market need to calm down and will go down. Crowd always buys on tops and sells on bottoms.
Vice versa for oversold conditions
2 step - - calculate 9-period moving avverage
3 step - - calculate bolinger bands (i use indicator "BB Percentile Suite")
Usage
Overbought when last 9 days prevail voumes on rising stocks. BB in upper threshold.
It means that the crowd already bought a lot of stocks. All - optimists. So - market need to calm down and will go down. Crowd always buys on tops and sells on bottoms.
Vice versa for oversold conditions
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.