Whoops...the Jake Indicator failed. The indicator may need an extreme limit test (ELT), which weeds out very large or very small indicator moves that suggest that the stock movement is either completed or not significant, respectively. Was stopped out on TNA. However, yesterday's TNA's >1.2X Volume rise over the prior day in conjunction with a negative TNA daily FOSC signal line, 2 successive daily falls in the TNA demarker indicator, a one day rise in the TZA Balance of Power Indicator and a FOSC extreme limit test signaled a TZA buy (DISCLAIMER always in place). A large excel sheet with daily, and when possible, 2 hour selected price, volume and indicator data has been generated for TNA, TZA & $TRIN, going back to 11/08. Twelve volume formulas involving: high & low volume, volume rise & volume fall cut-offs, selected daily & 2 hour indicators with ELTs when necessary, were generated.
On Thursday 10/15 the Jake Indicator TNA Buy Signal would have been questioned by a TZA Low Volume TZA Buy Signal. The parameters in that formula included negative mean 2hour TNA FOSC, a negative daily FOSC & signal,and a TZA volume drop to <0.8 of the prior day. The ELT was a TNA daily EMV of less than 13,500. When Jake is not busy training for the January 14th National Ice Opti Championship on his Blokart Land Yacht, I'm sure he will try to refine his failed indicator.
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