on TSLA, the indicator is triggering a warning that the MA
ribbons are too wide, LOL not too shocking. This a daily chart so
the close matters but for now the derivative flipped negative which
means the ribbon may be about to pull in soon
here's example of that indicator on a 4 and 1 min ES futures
chart, earlier on that washout intra day as you would expect the MA
ribbon was expanded, the indicator showed a bounce coming basically
at the lows, which played out
on TSLA, the indicator is
New indicator and other comments
Posted by matt on 30th of Nov 2020 at 10:07 am
on TSLA, the indicator is triggering a warning that the MA ribbons are too wide, LOL not too shocking. This a daily chart so the close matters but for now the derivative flipped negative which means the ribbon may be about to pull in soon
here's example of that indicator
Posted by matt on 30th of Nov 2020 at 12:17 pm
here's example of that indicator on a 4 and 1 min ES futures chart, earlier on that washout intra day as you would expect the MA ribbon was expanded, the indicator showed a bounce coming basically at the lows, which played out
60 min TSLA you can
Posted by matt on 30th of Nov 2020 at 10:27 am
60 min TSLA you can see that morning high was a gift to sell some, had RSI 5 divergence