A buy signal is generated when the indicator is below zero and turns upwards from a trough. No sell signals are generated (that not being its design). The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established. I just wanted to point out the Fibonacci Time correlation which is clearly there. If you think subjective then look in the mirror.
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Please support the statements you make. Otherwise it's an insult to those who put time into making a statement.Note
timingthemarket.com/trading-chaos DOT htmlcan't post links here so replace the fake DOT with a real dot :)
I posted this link in the chat yesterday but it will get lost there. Interesting ideas.
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I hope you guys see what I was trying to say by this chart (e.g. recession times and trend booster phases). Feel free to discuss. We can draw a new time projection from 1.272 and it will be relevant for shorter term too.Note
I look at this in terms of basic naked simplicity without getting into statistics though I could. Statistics are good for budget allocations and policy makers. As a trader I'm interested in all natural phenomena.
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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.