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Chech the image file, as pointed out by Dimitri, the bullish period in
March ( labeled : A) was unavoidable by both total Market composite
indicators ( MACD Bull / Bear , and , Bull_Pressure / Bear_Pressure ),
( Bullish pressure was greater than Bearish pressure ) but this bullish
pressure was not confirmed in the Ticker specific indicator.
(Label: B) in MACD Bull / bear composite shows 3 Bullish periods,
Neither of the 3 bullish periods were confirmed in the Ticker Specific
indicator , nor in the composite Bull_P and Bear_P, There was some
slight indecision in the market between the bulls and bears in the
composite at the end of May, but again this was not confirmed in the
Ticker Specific indicator.
Best wishes
Anthony
dtsokakis wrote:
> Anthony,
> Interesting !!
> Check the lag, it is a bit ziggy, in the composite you did not avoid
> March 2001 Low [the same with MACDBEAR] and the bear extra April high
> may give the [wrong] impression that the bears are gone. But, as we
> know, they were there.
> Interesting !!
> DT
> --- In amibroker@xxxx, Anthony Faragasso <ajf1111@xxxx> wrote:
> > Hello Group,
> >
> > Check out the image file, Green is bullish and Red is bearish,
> Could the
> > State of the market as a whole and of the specific ticker be any
> > Clearer.
> >
> > The first custom chart after the Main chart is the MACD Bull /
> Bear
> > composite indicator courtsey of Dmitri, and located in the AFL
> library .
> >
> > The second custom chart is my Ticker specific Bull_Pressure and
> > Bear_Pressure indicator and the third custom chart is my Composite
> > Bull_Pressure and Bear_Pressure indicator for the whole market. (
> > NDX100) was used in this example.
> >
> > Anthony
>
>
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