SPX since 1957 "Technical Rating" weekly & 2009 daily"The Beast"I think we might have a crack at the door of this beast !!!
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strategy:
1/ Open the Technical Rating indicator from the "Built in" indicator's section.
2/ Add RSI on top of this indicator.
3/ Draw lines between the troughs of SPX & the troughs of RSI = Looking for divergences.
4/ Averaging a 2.25 signals each year.
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Take a way points:
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1/ On weekly since inception's day
in 1957: Reaching 34-33= 9 signals
77 % success rate @ trough!!!
2/
A/ On daily since 2009=27 divergences
Median: 18.5 Days
Average: 27.10714286 Days
Range: 2-90 Days
B/ The area of 42-39 are kind of price action
area were most divergences happened.
3/ Some of these divergence are so
short you need to be nimble & fast,
others are long we need to find how
to enter and choose a trough !!!
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# Days of
divergence
--------
59
17
3
7
65
18
13
21
24
63
55
3
19
5
53
29
90
20
55
6
9
74
21
4
16
2
