PMO clarification higher low stops rule

    Posted by matt on 19th of Jun 2019 at 02:44 pm

    ALL INDEX % PMO Xover BUY Signals (!PMOBUYALL) - Chart Link

    this has nothing intra day to do with the market however I know some of you use this indicator for swings. I have various filters and rules as you know to trigger entries or exits earlier. 

    when price is up-trending I use a stop at the last higher low that I would use to exit should price fall below that before the PMO falls below 66%.  Most of the time the higher low stops are not hit, but there are a secondary precaution should the indicator lag the higher low stop gets you out still for a profit.  

    I noted the last higher low via the purple dotted line

    What exactly is the "!PMOBUYALL"

    Posted by shecar on 19th of Jun 2019 at 04:46 pm

    What exactly is the "!PMOBUYALL" ?

    The percentage of selected broad

    Posted by cape_rover on 19th of Jun 2019 at 07:25 pm

    The percentage of selected broad indexes and ETFs that are on a PMO Buy signal. The PMO signal changes for an index when the PMO value has passed through the 10-day EMA of the PMO.

    Thank you

    Posted by shecar on 20th of Jun 2019 at 11:07 am

    Thank you

    That helped me out too.

    Posted by winter39 on 21st of Jun 2019 at 01:52 pm

    That helped me out too. Thank you.

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