asr: noting here idea to back test when I get some time.
50-day moving average spread
Below we highlight the historical 50-day moving average spread (difference between current price and 50-DMA) for the two most overbought stocks in the S&P 500 at the moment -- AIG and EK.
asr: for Daily chart, this back test will be good. It is like Telechart T2 indicators but for specific stock. Pros like Mr. K use 'broader Market' T2 indicators for to find where it stands with respect to OB and OS and see key reversal of T2 . seems same can be used to find AIG key reversal with historic ?
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S1 , R1 , Pivot indicator set on Telecharts
Need to develop this as indicator so that it can be used to see how daily chart is doing with those level.
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todo:
Developing T2 monitor for VP each instument with the dependent component stocks . This VPT2 can be used at VP crossover points in charts as confirmation of the VP shown trend directon.
Thursday, November 12, 2009
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