Want to know when the market has reached near bottom in selloff or bearish trend? You now have a perfect indicator for that - "Investment Bottom Indicator"
How to use?
Chart Setup-
Step 1- Add your index symbol Step 2- Change the time frame to weekly (candle sticks) Step 3- Add William %R - settings: Period- 52, Close Step 4- Add this indicator - Investment Bottom Indicator
Analysis- When the William %R value is below -80 & Investment Bottom Indicator value is above 80 : this indicates that the market is near its bottom and if you have not yet started investing yet, this is the right time before the market flies off (in very few weeks/months) & you miss the bus!
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