This is a price oscillator chart created by plugging in the 10 minute closing price of the DIA into Terry Laundry's volume oscillator formula. The function is a smooth curve that demonstrates persistence as it changes direction. The function has been negative since 11:10 on October 23, 2009 except for a brief rally from 10:10 to 11:40 on October 26, 2009. Notice the low amplitude of the curve. It may be a while before we can identify a new center-post for our next T.
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2 comments:
"It may be a while before we can identify a new center-post for our next T." This tool of yours that indicates that fact in quotes is very powerful!
I am going to describe in more detail in my blog how I developed my oscillators and the basic principles of my theory. I have written the text and now I must find the time to integrate the text with the proper charts. Once you understand how I developed the oscillators, inductive reasoning supports the validity of the oscillators. It is all based on Terry Laundry's formula.
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