Keep in mind that the ratio can never reach 2.
Note
Green line is month’s high, red is its low.Note
Here’s a normalized version (between 0 and 1).<deleted>
Note
Deleted previous update. Here’s a better version. Found something else interesting... press play then slowly start scrolling chart out of view to the left. Pay attention to the %. It’s decreasing towards 0% and only increases at dips.
Note
Was looking for other ways to clear out the ‘noise’ to find a good sell indicator. This looks promising.
Note
Note
Spx-adjusted in Fib channel indicating an impending dump.
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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.
Related publications
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.