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>the relationship between the S&P and the bond an "indicator."
It's not really worth the response, but for the sake of accuracy can I say that when I refer to an "indicator" I mean the sort of stuff you can write an .ela code for TS or SC. I have well over a hundred from different sources and it is these that I am referring to. The relationship between one instrument and another is, of course, very much a trading tool but I would not class it as an "indicator" nor the "silly things" you refer to, or would you call price action itself an "indicator"?
Fortunately, I am sure most on this list know what I mean - whether they wish to agree or not is a totally different matter, of course.
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