S&P 500 Index

Spontaneous Indicator!

735
Hey Friends!

I made this video spontaneously and without any preparation so I am sorry if my explanation was very fragmented.
This is a new indicator I have just made that uses these key factors for a forward projection:

Red Target

1. Price based on average profit of every trade over the entire course of history.
2. Time based on average time in every trade over the entire course of history.

Blue Target

1. Price based on price movement of the most recent 2 trades.
2. Time based on average time in every trade over the entire course of history.

The trades are determined by a moving average crossing of a user-defined period length.

I hope you like the concept.
Publication coming soon!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.