Stealthy7's Parabolic Indicator goes green after a clear rise was detected. Red signals may also be buying zones or signal further downturn. Red signals should not always be shorted.
The Power Law Correlation Indicator is an attempt to chart when a stock/currency/futures contract goes parabolic forming a upward or downward curve that accelerates according to power laws.
I've read about power laws from Sornette Diedler ( www.marketcalls.in ). And I think the theory is a good one.
The idea behind this indicator is that it will rise to 1.0...