SPDR Select Sector Fund - Energy Select SectorArca
Descrizione
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2017 - First Code
This is a another way of looking at DMI indicator. Almost similar to any oscillator. You still need to understand the indicator and chart before you can trade with these.
@ucsgears, thanks for the response. Am I understanding this right ...that the indicator is showing energy of the move up or down.. say if the indi is moving up and the price is falling means the fall is gaining more momentum/favor/energy.. and if the indi is going up n price going up means the climb up 8s gaining more favor/energy.. Can we use trend lines on this indicator.. awaiting ur reply..
UDAY_C_Santhakumar
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@MONEYMENOW, Well, in simple terms. When the Indicator is above 60. The Stock / instrument is about to make a move (up or down), i have seen fakeout with the trend and snap back quickly. I use this primarily for a trade entry. I do not have a strategy around this. If i were to do one strategy around this, would be to use this with Squeeze indicator.
DS, do not provide any historical results. So, I do not follow his methods to trade.
ashgilbert
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@ucsgears, hi mate - really interesting indicator - the link to the video doesn't work any more though. Are you able to repost?