Thursday, February 3, 2011

TMV Ichimoku Chart with CMF & MACD Histogram and Daily/Weekly MTI Overlays (updated 2/3/11)







DAILY Momentum Trend Indicator (MTI), CCI Breakout (Absolute CCI>100), 3LB & Kagi may precede the MACD Histogram/CMF/Ichimoku (MHCI) Signal. The CCI Breakout correlates with the Equivolume Consolidative Box Breakout. The 3LB (2nd line) or Kagi may function as an early entry signal but the Ichimoku Cloud Price position should be respected before taking any Signal. Kagi is supportive, but caution is warranted if it signals as an isolated indicator since it can put you into whipsawing consolidation. Right now TMV has signaled via MTI (both daily & weekly), Weinstein Staging, 3LB, Kagi, CCI, and Equivolume consolidative box breakout. Awaiting a "Totally Bullish" Ichi signal (i.e. MHCI).

2 comments:

  1. Are you sure that those indicators are useful?

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  2. aka Einstein's Theory of Special Relativity...every measurement has its faults (i.e. I'm never sure). This approach uses a conglomeration of numerous indicators to detect a true trend...Ichimoku cloud, Ichimoku MAs, Chaikin Money Flow, MACD Histogram, Equivolume box size, Aroon, Commodity Channel Index, Awesome Oscillator, True Strength Index, R-squared saucers with period 3/period 2 ratio, Weinstein Weekly Staging, 3 Line Break & Kagi. All those indicators taken together do demand alot from the price action in order to ascertain trend. I am definitely sure though that a good nap every day is useful...

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