update 21/12 how to read BUxxxx t=trend Weak Moderate Strong ob=overbought ob=5 means 5 indicators say overbought os=oversold os=2 means 2 indicators say oversold lbb=last rsi cross buy bar lsb=last rsi cross sell bar close-0=last close close-1=close 1 day ago vol=3X-vol 3 times > average cmo=chande momentum oscillator macmo-9=ma(cmo,9) mfi= blue number up / red number down gbl=last guppy bullish bar gbr=last guppy bearish bar gbo=last guppy buy bar gbr=last guppy sell bar bsc=buy score pb=pricebreakout bar pb=1 means pricebreakout 1 day ago pb=5 means price breakout 5 days ago %pb=% since price breakout ema3= 5 means ema3 cross ema 5 ema3= 60 means ema3 cross ema 60 gup=guppy bull & guppy bear
R-2 attempts to measure a percentage of a stocks movement that can be attributed to Linear Regression. When used in combination with Slope you have a tool that can aid in trend detection. To determine if the trend is statistically significant for a given x-period linear regression line, Plot the r-squared indicator and refer to the following table. This table shows the values of r-squared required for A 95% confidence level at various time periods. If the r-squared value is less than the critical values shown, you should assume that prices show no statistically significant trend. Number of Periods r-squared Critical Value(95%confidence) 5=0.77 / 10=0.40 / 14=0.27 / 20=0.20 / 25=0.16 / 30=0.13 / 50=0.08 / 60=0.06 / 120=0.03 Investopedia explains 'Chande Momentum Oscillator' The security is deemed to be overbought when the momentum oscillator is above +50 and oversold when it is below -50. Many technical traders add a nine-period moving average to this oscillator to act as a signal line. Bullish signals are generated when the oscillator crosses above the signal, and bearish signals are generated when the oscillator crosses down through the signal. Definition of 'Money Flow Index - MFI' A momentum indicator that is used to determine the conviction in a current trend by analyzing the price and volume of a given security. The MFI is used as a measure of the strength of money going in and out of a security and can be used to predict a trend reversal. The MFI is range-bound between 0 and 100 and is interpreted in a similar fashion as the RSI. The money flow index is calculated by using the following formula: Typical Price = (High + Low + Close) / 3 Money Flow = Typical price * Volume Money Ratio = Positive Money Flow/Negative Money Flow Note: Positive money values are created when the typical price is greater than the previous typical price value. The sum of positive money over the number of periods used to create the indicator is used to create the positive money flow - the values used in the money ratio. The opposite is true for the negative money flow values. Money Flow Index = 100 - (100/ (1 + Money Ratio)) Investopedia explains 'Money Flow Index - MFI' The money flow index is similar to the relative strength index (RSI). The fundamental difference is that the MFI also accounts for volume, whereas the RSI only incorporates price. Many traders watch for opportunities that arise when the MFI moves in the opposite direction as the price. This divergence can often be a leading indicator of a change in the current trend.
