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
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.
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.