indicator of the week The prime number oscillator indicator indicates the nearest prime number, either at the top or the bottom of the series and plots the difference between that prime number and the respective series. PNO can be used: 1- As a trend indicator: wider flat sections at the top means we are in […]
1- Trend analysis: Higher prime numbers mean we are in an uptrend. When the bands are moving upward direction, the market has a Bullish Direction. Lower and lower prime numbers mean we are in a downtrend. (If the bands are moving Downward direction) 2- Volatility: Narrower bands mean stock price is less volatile. Wider bands […]
Signals: In an uptrend look for the indicator reversal points below zero to go long. In a downtrend look for the indicator reversal points above zero to go long. Trend identification: A rising ROC typically shows uptrend and crossing above zero line confirms the uptrend. A falling ROC typically shows downtrend and crossing below zero […]
