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The NYSE tick indicator is one of the best short-term predictors of price there is. This add-on study might just make it even better! Adds an invaluable layer of information to the basic tick indicator by tallying and plotting its cumulative total throughout the day.
Compares broad market volume data throughout the day, in increments defined by the trader, and compares it to previous broad market volume levels at the same times on previous days. Color coded results make the interpretation of this information easy to understand.
The book most often recommended to traders and aspiring traders is Reminiscences of a Stock Operator which is the disguised biography of legendary trader Jesse Livermore. Below, is the list of his twenty one trading rules for contemplation. Jesse Livermore’s 21 Trading Rules Nothing new ever occurs in the business of speculating or investing in […]
We get a lot of emails asking about the “reversal periodsGenerally the market tends to pivot or have inflection points at certain recurring times of the day. These times are 9:55-10:05, 10:25-10:35, 11am, 1pm, 2pm, 2:30pm and 3pm. ShadowTrader generally initiates positions around these time.” which are nothing more than times during the day when the market generally turns. Below is a thinkscript code for a study that you can apply to your charts that puts a small highlight underneath the bar that denotes the reversal time. Currently, it’s […]