Hi everyone on ET, I would like to know if any ET guys here have discovered an indicator that looks similiar to the moving average but actually projects where future price's direction is headed based on past price movements? Kinda would look like an extension of the line of a regular moving average projecting where price in the near term future would go. Anyone see a neat indicator of this kind?
BNB Analytics ??? hmmm Let me guess, in another day your going to post a link to a web site that you found that does just that... How stupid do u tink we is ???
Yes, I show my pet a chart of the Dow before I go to bed. When I wake up in the morning, if my pet is sleeping: 1. On its side: I go long. 2. On its tummy: I go golfing that day. 3. On its back with paws in the air: I go short. Has never failed everytime I've used it.
your indicator that you seek is called a channel and it is created through price/volume analysis. I don't know of any software currently that automates the drawing in of these channels, fortunately it is not necessary.