See chart for details. When you slow down the lookback period of any well known oscillator indicators, you get interesting data!
This chart uses a slow fibonacci lookback period (377) for the detrended price oscillator.
If the indicator line is above 0 then the market is bullish
If the indicator line is below 0 then the market is bearish
BUT...
You've got to remember to seek out divergences forming in the TA indicator to find real bottoms and real tops
This minimizes risk because you can set tight stop loss.
This chart uses a slow fibonacci lookback period (377) for the detrended price oscillator.
If the indicator line is above 0 then the market is bullish
If the indicator line is below 0 then the market is bearish
BUT...
You've got to remember to seek out divergences forming in the TA indicator to find real bottoms and real tops
This minimizes risk because you can set tight stop loss.
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