SPX'S RSI & STOCH together @ overbought & oversold area

2020年10月19日

2009-2020

2020年10月22日

ノート

Hey guys,

Another set of data, zooming in to try and eliminate error signals. ( daily with 54 % success rate instead of 42 % success rate )

--------------------------------------------
DAILY @ OVERSOLD AREA :-

bottom
going down
going down
going down
bottom going down
bottom
botttom
bottom going down
bottom going down
bottom
bottom
going down
bottom
bottom
boing down
bottom
bottom
bottom
bottom going down
bottom
botttom
bottom
going down
bottom
goinh down
--------------------------------
Conclusion: 13 @ bottoms 11 @ bottom
going down or going down
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WEEKLY @ OVER SOLD AREA :-

they ONLY met 3 times what's up with that. who can wait 4 years to get a signal !!! but it comes with a tag price of 100 % success rate

SUMMERY :
- Daily @ oversold area 54 % success rate much better than when combined with overbought area ( which stands @ 42 % success rate). with this we are getting 46 % false signals much better than above
which (stands @ 58 % false signals).

- weekly @ oversold area 100 % success rate !!!

IMO, using these indicators together with other supporting tools such as Elliott, support, resistance channels could be a good tool, but just by it self is not that encouraging !

----Finally meeting @ bottoms have a better success rate 54 % vs 42 % daily % 100 % success rate weekly!!!

wish you all the best.