$one is the same as the number 1. It's a nifty way to invert or
flip a chart. $ONE:$SPX is the same as 1/$SPX it flips the chart
upside down.
reasons for doing this is that you see inverse correlations
between instruments, such as how gold tends to move inveres to the
the Dollar etc. A better way to look at inversely correlated
instruments is to flip one of them so that the inverse is
correlated and easier to look it -as an example
$one is the same as
what is $ONE?
Posted by matt on 27th of Jul 2023 at 07:07 pm
$one is the same as the number 1. It's a nifty way to invert or flip a chart. $ONE:$SPX is the same as 1/$SPX it flips the chart upside down.
reasons for doing this is that you see inverse correlations between instruments, such as how gold tends to move inveres to the the Dollar etc. A better way to look at inversely correlated instruments is to flip one of them so that the inverse is correlated and easier to look it -as an example
Duh Donkey!! 😂. I love inverse
Posted by donkeyface on 27th of Jul 2023 at 10:22 pm
Duh Donkey!! 😂.
I love inverse charts use em on TV all the time. Not too familiar with Stock Charts expect what you guys post.
Thanks!!!