SPX RSI & WILLIAMS % TOGETHER OVERBOUGHT & OVERSOLD LINES
Updated
well, this is even worse than rsi and stoch. with success rate of 38 -35 % daily and weekly.
wish you all the best.
wish you all the best.
Note
Hey guys,as usual going back to zoom and find more accurate signals when possible.
----------------------------
Daily Williams % & RSI both @ bottoms :-
@ Bottoms :-
- 4 times going down 5th bottom
bottom
bottom
bottom
- 3 times going down 4th bottom
5 before bottom
-1st going down 2ed bottom
bottom
-2 going down 3ed bottom
bottom
sideways
bottom
bottom
bottom
bottom
bottom
-1st going down 2ed bottom
bottom
--------------------------------
Conclusion: 10 @ bottom
17 during crash/correction going down
1 sideways, 1 before bottom
------------------------------
weekly: 2 bottom since 2009-2020 100 % success rate !!! two signals in 11 years !!
------------------------
QUIK NOTE : during 200&2007 crash AS USUAL with all indicators we got false signals
-----------------------
Summery :
DAILY: 34 % success rate. 58 % bottoms DURING crashes/corrections 6 % mix Signals false .
WEEKLY: 2 signals in 11 years 100 % success rate
wish you all the best.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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.