BP BR Squeeze and 60 Stochastic

    Posted by matt on 12th of May 2019 at 05:11 pm

    I'll discuss in the newsletter however notice on the first chart how the BPT BR Squeeze is nearing zero, that's an important level.  What I like to use is what I call a whipsaw confirmation method, which is a method I developed that needs a confirming candle to close above the trigger candle's low for  sell and a trigger candle's high for a buy.  As you can see I marked up past examples on the daily SPX chart with the BPT MA Deluxe.  Notice the non confirmed sell back in May 2018, the confirmed sell signal in early Oct, and the filtered out non-confirmed buy signals in Nov on those bounces, then the confirmed buy signal in Jan.  The same method also applies to the 60 Stochastic, which I show on the second chart.  it's not a perfect method but it's a good guide and many times filters out false sell signals and keeps you in the trend. For a confirmed sell signal the BPT BR Squeeze would need to fall below zero, then have a following candlestick close below the low of that candle.  

    The same is true for the 60 Stocahastic, which by the way has more room as it's farther away from 50% level that I use for major signals

    Matt, the indicator I have

    Posted by chapgolf on 13th of May 2019 at 10:51 am

    Matt, the indicator I have in my TS is "BPT MA Deluxe".  I notice the one on your site says "Test" and seems to be less sensitive.  Can I change the input on mine to mirror "Test"?  Thanks.

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